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/JPY pair fell rather hard during the session on Tuesday, but found quite a bit of support at the 156.50 level. With that, I feel that this market should continue to go higher, and that it will find buyers if we can break above the top of this hammer.
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Get the GBP/USD Forex signal for December 10, 2014 here.
Check out the USD/JPY Forex signal for December 10, 2014
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Check out the EUR/USD Forex signal for December 9, 2014
Get the GBP/USD Forex signal for December 9, 2014 here.
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The EUR/USD pair showed signs of life below the 1.23 level during the Monday session as we turn things back around and form a little bit of a hammer.
The GBP/USD pair broke higher during the course of the day on Monday, but as you can see we are still within the previous consolidation area, and the 61.8% Fibonacci retracement from the longer-term move, it’s of course could be resistance as well.
The AUD/USD pair tried to rally during the session on Monday, but turn things back around to form a shooting star.
The USD/JPY pair falls during the session on Monday only to find significant support at the 120 handle. With that, the market bounced enough to form a fairly supportive candle, and as a result I am bullish of the market yet again.
Gold market initially fell during the course of the day on Monday, but we have found enough support around the $1186 level to reverse the course and touched the bottom of the Ichimoku cloud on the daily chart.
