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 rallied during the session on Wednesday, but as you can see ran into far too much resistance to stay above the 1.36 level. The 1.36 level is the area that I need to see overcome on a daily close in order to buy with confidence in this marketplace, and as a result I am still flat of this pair.
The WTI Crude Oil markets fell during the session on Wednesday, falling farther than I honestly thought they would. The $92.50 level of course has been significant support recently, and the nice well-defined consolidation area has been violated.
The XAU/USD pair closed yesterday's session lower than opening after the latest reports released from the Unite States provided further evidence that the world's biggest economy is on the right track.
According to the analyses of the USD/JPY and AUD/USD pairs, trader profited on a binary options platform. See how here.
Be prepared for the upcoming month of December with this forecast of the EUR/USD pair.
Check out the forecast for the USD/CAD pair for December 2013 here.
Check out the recommendation for the EUR/USD pair here with this Forex signal.
The AUD/USD pair fell hard during the session on Tuesday, breaking the bottom of the hammer from the Monday session. This is of course a very negative sign, and as a result I think this pair will continue to go lower.
The GBP/USD pair initially fell during the Tuesday session, but as you can see bounced high enough to form a supportive candle. The supportive candle of course slammed into the 1.62 handle, which course is a large round psychologically significant number.
The EUR/USD pair rose during the session on Tuesday, breaking the top of the hammer that had formed on Monday. This of course is a bullish sign, but we did not break above the 1.36 handle, like I had wanted to see.
The WTI Crude Oil markets fell during the session on Tuesday, to test the $93.50 level again. This is an area that has been supportive over the last several weeks, and as a result it does not surprise me that we continue to see it hold up.
Although XAU/USD tried to climb yesterday, the pair run out of gas and fell back to Friday’s settlement.
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The AUD/USD pair spent most of the day on Monday, falling, but as you can see got a bit of a bounce above the 0.91 handle in order to form a hammer.
