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.
Gold prices fell for a fourth straight session on Thursday as gains in the dollar and equities diminishes the appeal of safe haven assets. While some investors moved to the sidelines ahead of key U.S. employment data, some pulled back from bets on the metal.
The EUR/USD pair tried to rally during the session on Thursday, but turned back around to test the 1.10 level, an area that I had looked at as a longer-term target. Now that we have hit that area, I find it very interesting that we do so.
The NZD/USD pair fell during the session on Thursday, as we continue to see a downward move in this pair. It makes perfect sense though, as the New Zealand dollar of course is highly sensitive to the commodity markets overall.
The GBP/AUD pair bounced slightly during the session on Thursday, showing the 1.95 level to be supportive. This was the anticipated move, and as a result I believe we are now going to try to break out and above the 1.96 handle.
The USD/JPY pair took out to the upside during the session on Thursday, but as you can see struggled above the 120 handle.
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Get the AUD/USD Forex signal for March 5, 2015 here.
Get the USD/CAD Forex signal for March 5, 2015 here.
Get the USD/JPY Forex signal for March 5, 2015 here.
Get the GBP/USD Forex signal for March 5, 2015 here.
Get the EUR/USD Forex signal for March 5, 2015 here.
The EUR/USD pair broke down during the session on Wednesday, showing the market still has quite a bit of bearish pressure in it.
The NZD/CAD pair continues to struggle, as the 0.95 level offered far too much resistance yet again during the Wednesday session.
The EUR/JPY pair fell during the session on Wednesday, testing the 132.50 handle. Just as we have seen during the day and other euro related pairs, the market fell.
The EUR/CAD pair fell hard during the session on Wednesday, slamming into the recent low. Now that we are approaching the 1.3750 support barrier, I feel that it’s only a matter of time before we continue, even lower.
