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 USD/MXN pair is one that many of you will not have traded in your careers. However, it is a very interesting longer-term pair as it has several different dynamics involved in it. Most people don’t understand this, but the Mexican peso tends to be thought of as an oil-based currency.
Check out the USD/JPY Forex signal for October 27, 2014 here.
Get the EUR/USD Forex signal for October 27, 2014 here.
The XAU/USD pair declined 0.55% for the week and settled at $1230.38 an ounce on Friday as friendly risk environment and strength in the U.S. dollar dulled the precious metal's attractiveness.
End the month of October 2014 with the weekly Forex forecast for some of the major currency pairs here.
The EUR/USD pair did very little during the session to define itself during the day on Thursday, as we simply went sideways.
The USD/JPY pair broke out above the 107.50 level during the session on Thursday, which of course is a very significant resistance barrier.
The GBP/AUD pair fell initially during the course of the day on Thursday, but for the second day in a row ended up bouncing enough to form a nice-looking hammer. The hammer is sitting at the 1.83 level, which of course is a supportive level.
The EUR/GBP pair initially broke higher during the course of the day on Thursday, but as you can see the 0.79 level offered enough selling resistance to push the market back down and form something along the lines of a shooting star.
The GBP/USD pair fell initially during the session on Thursday, but as you can see found quite a bit of support at the all-important 1.60 handle.
According to the analyses of the NZD/USD and EUR/USD, trader profited on a binary options platform. See how here for October 23, 2014.
Amazon.com, Inc. (NASDAQ:AMZN) has always been known as the company that changed the way people shopped.
The EUR/USD pair fell during the course of the day on Wednesday, breaking an uptrend line which for me triggers a bearish flag.
The NZD/USD pair broke lower during the session on Wednesday, breaking the bottom of a shooting star from Tuesday.
Get the USD/JPY Forex signal for October 23, 2014 here.
