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 smashing day during the session on Tuesday as the market closed above the 1.30 level to put an exclamation point on the bullishness. Although I don't personally like the Euro in general, I do believe that this move is indicative of what's going on overall in the marketplace.
The GBP/CHF is one of my favorite pairs. This is because it tends to be very volatile, but very technically driven at the same time. Being a technical trader, this obviously appeals to me, and my preferred method of trading.
The AUD/USD pair had an extraordinarily bullish session on Tuesday as the 1.05 level has been overcome by the buyers. The market looks extremely bullish at this point in time, and as a result I firmly believe that we will test the 1.06 handle in the relatively near term.
The USD/JPY seems to have 83.00 firmly in its crosshairs for the 4th week in a row. In the past 3 weeks, the pair has reached highs within 10 pips of 0.8283 each week, as well as staying above 81.60 to form a range of 140 pips +/- a few.
Check out this EUR/USD signal and keep an eye out for this pair, for there may be further trend corrections soon.
According to the analysis of the GBP/JPY and EUR/USD trader profited on a binary options platform.
XAU/USD (gold vs. the greenback) rose three days in a row. The pair printed a bullish candle yesterday on better-than-expected data from China and worries over the U.S. budget battle.
The EUR/USD pair initially fell during the session on Monday, but as you can see it appears that the level just below the 1.29 handle looks to be very supportive at the moment. In fact, over the last couple of weeks we have formed what looks to be a double bottom.
The USD/CAD pair rallied in the beginning part of the Monday session, but found the previous support at the 0.99 level to offer far too much resistance to get above it.
The GBP/JPY pair is typically a big mover, which is kind of ironic as we have seen very little volatility in this currency pair over the last couple of weeks. This may be because of the massive move higher we saw over the last couple of weeks in November, and the fact that the buyers they simply need to rest.
In a move that surprised many traders yesterday, the GBP/USD remains Bullish in spite of better than expected NFP numbers out of the US on Friday, and lackluster if not downright poor performance numbers across every news event for the Sterling last week including manufacturing production and services PMI.
Apple (AAPL) is once again taking a bite out of itself, as we see another down day with regards to the stock price. Get the full signal here!
XAU/USD turned bullish after the bears failed to break the 1685 support. Although gold prices ended the week lower, the recent price action suggests that the bulls will not give up so easy.
The EUR/USD pair fell for the balance of the session on Friday as the nonfarm payroll numbers came out of the United States much stronger than anticipated.
The AUD/NOK pair had a fairly bullish session on Friday as you see the last couple of sessions have been quite strong for the Australian dollar. Essentially, this pair measures gold versus crude oil, and as such is a very interesting one to watch as it could show potential flow of commodity markets going forward.
