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 XAU/USD pair had a bearish candle as the American dollar strengthened across the board. The European Central Bank kept rates on hold at 0.75% yesterday but investors took a cautious stance as comments by President Mario Draghi raised expectations of further interest rate cuts.
The EUR/USD pair fell during the session on Monday as the European Central Bank had its meeting. The Chairman Mario Draghi spoke of the high value of the Euro hurting the European economy.
The EUR/GBP pair isn't necessarily the most exciting one to follow. However, as part of my analyst duties I have to follow this pair for a few clients. It is because of this that I was aware of fact that the market fell during the session on Thursday.
The AUD/USD has been a source of great confusion lately. After all, the Australian dollar has underperformed just about everything, and many of my compatriots simply have no idea as to what has caused all of this weakness.
According to the analysis of the NZD/USD and EUR/USD trader profited on a binary options platform.
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The XAU/USD pair (Gold vs. the Greenback) rose yesterday as renewed fears about the U.S. debt ceiling and long-term spending cuts weighed on the greenback. Republicans are increasing pressure on Democrats to come up with a plan to replace the spending cuts.
The EUR/USD pair fell during the session on Wednesday, but as has been the case over the last three days, the 1.35 level has offered support. Currently, I feel that this pair is waiting to find out what the folks at the European Central Bank have to say later today, and whether or not they make any suggestion that the euro being priced at 1.35 offers problems.
The NZD/USD pair fell rather dramatically during the session on Wednesday, but it was late in the day and after the employment numbers came out of New Zealand.
The USD/JPY pair had a slightly positive day for most of the session on Wednesday, but pulled back in order to show the 94 level being far too rich for the buyers. However, this market is most certainly bullish, and we do not have any interest in going against that overall sentiment.
The EUR/NZD has been trading in an upward channel since hitting 1.5507 on January 10 of this year. Since then the pair has been providing some nice trading opportunities on the 4 hour charts and today is no exception.
According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.
The XAU/USD pair hit a wall at 1685 and closed the day slightly lower than opening. This zone at 1685 is a tough nut to crack and has provided support and resistance since December 2012.
The EUR/USD pair initially fell during the session on Tuesday, as it broke down through the 1.35 level. This area represented a significant support zone as far as I could tell, so I was glad to see that the market popped back over that level and close significantly higher.
The GBP/USD pair fell rather sharply on Tuesday, after initially trying to rally and get above the 1.58 level. What I found most interesting is that for the first time on a rally, we could not clear the handle.
