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 Swissy (USD/CHF) fell to a low last week of 0.9076 after breaking a key support level for the pair at 0.9265 on December 13 when the pair successfully opened and closed below the level and then continuing to fall the next day.
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The EUR/USD pair fell rather precipitously during the Thursday session after forming the shooting star for Wednesday. I had suggested previously that this could be a signal of things to come, and this appears to be exactly what has happened.
The USD/CAD pair initially fell during the session on Thursday, but bounced slightly off of the 0.98 region in order to form a somewhat hammer like looking candle.
The AUD/USD pair broke above the 1.05 level during the Thursday session again, and just like it did on Wednesday, he gave back enough gains to fall below it at the close. With this being said, we formed a hammer, and it does show that the 1.05 level is significant resistance.
XAU/USD fell sharply after the bears increased selling pressure and pulled the pair below the 1684 support level. We see that the relief rally is running out of gas as the markets turned their attention to the economic data releases again.
The AUD/JPY had what I call a 'breather' day. One of those days where everything just slows down and you take time to read a book, or watch a movie and just stay in your pajamas all day.
According to the analysis of the AUD/USD and GBP/USD trader profited on a binary options platform.
Where is gold headed this coming year? Check out this forecast for the XAU/USD pair and see whether gold is going to continue being a treasure for some traders.
See where some of our posted signals ended up and what to do next with this signal update for the EUR/CHF, XAU/USD, and AUD/CHF pairs.
The EUR/USD pair originally skyrocketed during the Wednesday session as Asian traders reacted to the news of a "fiscal cliff" deal coming out of the United States Congress. This produced a major "risk on" rally that was in effect globally in almost all asset classes as the relief of certainty came into play.
The AUD/USD pair had a very strong session on Wednesday as one would expect. After all, the U.S. Congress decided to come together and sign a fiscal deal that averted so many of the tax raises and budget cuts that the markets were concerned about.
The GBP/USD pair had a very strong opening on Wednesday as Asian traders reacted to the news that the United States Congress came to an agreement on the so-called "fiscal cliff" situation.
XAUUSD rose to its highest level in two weeks after the fiscal package passed by both houses of Congress prevented the United States from slipping into a recession.
The GBP/NZD was trapped in a descending wedge since mid 2012, and an even tighter range for November 2012. We saw the pair break out to the downside on December 06, 2012 when it fell to test the long term trend-line at 1.9065 before returning to the same level that had trapped it for so long.
