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 WTI Crude Oil markets fell during the session on Friday, crashing through the $90.00 level. The $90.00 level is an area that of course would attract quite a bit of support and buying, but that being the case the market does in fact look like it’s ready to go lower.
The EUR/USD pair fell hard during the course of the day on Friday, and as you can see crashed into the 1.25 level finding support.
The USD/JPY pair rose again during the course of the session on Friday, as the nonfarm payroll numbers came out stronger than anticipated.
The USD/CAD pair rose during the course of the day on Friday after the better than anticipated nonfarm payroll announcement. Needless to say, the fact that we had formed a hammer on Thursday suggests that the buyers were already starting to step into this marketplace.
The AUD/USD pair fell hard during the course of the session on Friday, slicing through the 0.87 level without much hesitation. After all, the nonfarm payroll numbers came out better than expected, and as a result the US dollar strengthened quite a bit during the session.
Gold prices settled at their lowest level since August 2010 as Friday's bearish price action dragged the market below the 1200 support level.
Check out the USD/JPY Forex signal for October 6, 2014 here.
Check out the GBP/USD Forex signal for October 6, 2014 here.
Check out the EUR/USD Forex signal for October 6, 2014 here.
BTC/USD continued its downward spiral and is currently seen taking support near the $300 level. The selling pressure on the digital currency pair has pushed it below the important support zone at $340 on the back of strong volumes, which is a bearish indicator.
We have been going back and forth for the last nine days roughly between the 1235 and 1200 levels as the market simply had no real catalyst to push prices in either direction.
After witnessing some semblance of a pullback in Tuesdays’ session, BTC/USD gave up most of its gains yesterday on the back of relentless selling and traders taking profits.
Check out the USD/JPY Forex signal for October 2, 2014 here.
Check out the GBP/USD Forex signal for October 2, 2014 here.
Check out the EUR/USD Forex signal for October 2, 2014 here.
