The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
The EUR/USD pair had a positive session on Friday, as the 1.30 level continued to offer support. The market has been attracted to this level more than once, and the idea that this market could continue to consolidate around this area is no real stretch of imagination.
The GBP/USD pair rose during the majority of the session on Friday, only to turn back around and fall in the US afternoon session. This move was rather quick, and as a result, the markets formed a shooting star.
The EUR/JPY pair had an interesting week over the last several sessions, and Friday wasn’t any different. The 125 level acted as resistance as one would expect, but gave the buyers enough trouble to form the shooting star for the day that you see.
The AUD/CHF has printed a Weekly Pin Bar Reversal. The Pin Bar Reversal, for those that don't know already is an excellent trading tool when it forms at a key Support or Resistance Level as is the case with this weeks's AUD/CHF.
Check out this EUR/USD Forex forecast for the second quarter here as it is fast approaching. The experts at DailyForex.com have all the information you need to be prepared.
The second quarter of 2013 is approaching and the experts at DailyForex.com have all the information you need to be prepared. Check out this Forex forecast for the USD/CHF pair here and stay ahead of the game.
End your week with a Forex signal for the EUR/JPY pair from Fadi. The recommendation is to buy, see why here.
The WTI Crude market had a positive showing on Thursday, as we continue to grind up against the $93.00 level. In fact, we may so close above that for the first time in a couple of weeks, and this of course is a bullish turn of events.
The XAU/USD pair closed the day higher than opening as the Obama administration's opposition to Republicans' plan to balance the U.S. budget in the long term renewed fears that the lawmakers will continue play their political games and wait until the last minute.
The EUR/USD pair fell during the early part of the session on Thursday, but as you can see by the charts bounced enough in order to form a bit of a hammer. However, there is just as many reasons to be negative of this pair as there are positive, and as a result it very difficult to take a longer-term stance at this moment.
The EUR/JPY pair had a positive showing on Thursday, challenging the 125 handle as resistance. As you can see by the daily chart, the 125 handle did in fact told as resistance, but it seems more like a market that is simply bouncing around the handle, rather than failing at it.
The GBP/JPY pair rose during the session on Thursday quite dramatically. In fact, the British pound did well against almost everything out there, and as a result it was one of the best days for the Pound that we have seen in what seems to be ages.
Check out this EUR/USD signal based on Elliott Waves, especially for DailyForex traders by our trader Fadi Steitie.
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