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 fell during the course of the session on Thursday, and broke down below the 1.18 level. However, we did get enough support to turn things back around and form a little bit of a hammer, so I am not necessarily looking to sell this right away.
The USD/CAD pair went back and forth during the session on Thursday, as we continue to hover above the 1.18 level.
The USD/JPY pair went back and forth during the course of the day on Thursday, as we press up against the 120 level.
The GBP/USD pair went back and forth during the course of the session on Thursday, ultimately to end up forming a hammer.
Gold continued to retreat from a three-week high struck this week, as the strength of the dollar and the recovery in equity markets helped push prices down another $2 to $1208.61.
Get the USD/JPY Forex signal for January 8, 2015 here.
Get the GBP/USD Forex signal for January 8, 2015 here.
Get the EUR/USD Forex signal for January 8, 2015 here.
The EUR/USD pair fell during the majority the session on Wednesday, touching the 1.18 level. This is a very important levels far as I can see, as it looks to be supportive on the monthly charts.
Looking at the AUD/USD pair it appears that we are starting to find fairly serious support just above the 0.80 handle. That’s not a big surprise to me though, as it is an area that has been important in the Australian dollar for the last 20 years.
The GBP/USD pair broke down initially during the session on Wednesday as we have seen time and time again. However, we did see buyers step been somewhere near the 1.5050 level, and form a nice-looking hammer.
The USD/CAD pair broke higher initially during the session on Wednesday, but pulled back in order to form a shooting star. With that, looks like the market going to simply consolidate in this general vicinity and that makes a lot of sense to me.
The EUR/JPY pair initially fell during the course of the day on Wednesday, but as you can see found enough support just below the 141 handle to bounce and form a little bit of a hammer.
Gold snapped three consecutive days of gains as the greenback edged higher and global equities markets saw a modest rebound after upbeat U.S. private sector jobs data boosted optimism.
The EUR/USD pair fell during the session on Tuesday, as we have broken below the 1.19 level. However, there is a significant amount of support all the way down to the 1.18 handle in my opinion, and I believe that we are essentially in a 200 pips wide support zone.
