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 AUD/USD pair fell during the Friday session as money poured back into the United States. This was a result of a strong jobs number, not a "risk off" trade. As a result, I feel that this market may be changing an important dynamic: That the Australian dollar is no longer a "risk on" currency at the moment, but rather a proxy for Asia.
The GBP/USD pair fell during the Friday session as the United States released a better-than-expected nonfarm payrolls number for the month of February. The release stated that the Americans added 265,000 jobs the labor force during the month, and as a result there were more people willing to invest in the United States.
End your week with a Forex signal for the USD/CAD pair that is currently bearish. Check it out here.
The WTI Crude market had a positive session during the Thursday trading hours, as we attempted to break to the $92.00 level. However, that level has provided enough resistance to keep the market lower, but it should be noted that it appears the 90 handle is offering enough support to at least cause some type of reaction.
The XAU/USD pair closed the day lower than opening after the key central banks kept interest rates steady and announced no additional asset purchases.
The EUR/USD pair had a very strong showing during the Thursday session as the European Central Bank failed to expand any type of monetary easing during though meeting for the session.
The USD/JPY pair had a very strong showing on Thursday, which is indeed encouraging considering that the nonfarm payroll number comes out today. In other words, it appears that the market is front running the announcement a bit, and as a result it shows that we clearly have an upward bias.
The GBP/USD pair tried to rally during the session after the Bank of England failed to produce more quantitative easing measures at its meeting during the session on Thursday.
According to the analysis of the USD/JPY and EUR/USD trader profited on a binary options platform.
It's time to be bullish on this pair. See where the EUR/NZD is headed with this Forex signal from the experts at BNRY.
The WTI Crude market fell during most of the session on Wednesday, but as you can see formed yet another hammer focused on the $90.00 level. It is because of this that I feel this market is due for a bounce, and certainly expected sometime over the next couple of sessions.
Gold prices (XAU/USD) settled higher after a choppy session yesterday. The pair traded as low as 1567.36 after the ADP Research Institute said companies in the U.S. added 198000 workers last month but prices bounced back to 1584 as buyers stepped in.
The EUR/USD pair had a negative session on Wednesday, as a close below the 1.30 level for the first time. It has fell below that level previously, but never close therefore the session, a small but crucial difference.
USD/JPY had a strong showing during the session on Wednesday, as it initially dipped lower, but then turned around and bounced fairly hard. At the end of the day, we found ourselves just below the 94 handle, and this of course is a fairly bullish sign.
The USD/CHF pair shot straight up during the session on Wednesday, eclipsing the 0.9450 resistance area. However, the market is running into the 0.95 handle, an area that has been significant resistance in the past.
