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 NZD/USD pair tried to rally during the Friday session, but just as it did on Thursday, it simply could not stay above the 0.85 level. It is because of this that I think we may see some weakness coming in this pair, but I am not necessarily calling for some type of meltdown as the market is most certainly well supported at the moment.
The CAD/JPY pair is one of my favorite to trade under normal circumstances. This is because the fundamental reasons that push the market are so obvious at times. As a general rule, this pair will follow the trajectory of oil as Canada exports, and Japan has to inform 100% of the petroleum it uses.
In spite of last Thursday's massive rush higher for the British Pound, the Japanese Yen is showing signs of strength against it as well as most other major currencies.
Learn which position to take for the USD/CAD pair here from this Forex signal from the experts at BNRY.
The XAU/USD pair had a bullish day as gold buying frenzy continued to drive prices higher. Also the recent weakness in the American dollar has been providing support for the shiny metal.
The WTI Crude market had a positive session during the Thursday trading day, as we continue to grind away higher. Quite frankly, I am surprise that we managed to break above the $92.50 level, as I suspected that would be resistive enough to keep prices away.
The EUR/USD pair initially rallied during the session on Thursday, but as you can see struggle that the 1.31 handle yet again. The pushback that we saw during the session formed a shooting star that is sitting right at the 1.30 handle, and this does look like a market that's trying to grind its way lower.
The USD/JPY pair has been one that everyone's talking about recently, and with good reason. Simply put, this marketplace is where most of the action in the Forex markets has been over the last couple of months, and quite frankly I believe it will continue to be.
The NZD/USD pair rose during the session on Thursday, breaking above the vital 0.85 resistance area. However, we did see quite a bit of the gains reversed, and eventually printed somewhat of a shooting star like candle.
The CAD/JPY pair is heading upward so check out this Forex signal from the experts at BNRY for DailyForex.com here.
After a temporary pause on Tuesday, gold prices continued to move higher yesterday. The XAU/USD pair managed to break above the 1430 resistance level as the American dollar weakened after the data released by the Commerce Department showed that demand for durable goods slumped in the previous month.
The WTI Crude Oil market rose during the session on Wednesday, reaching the $91.55 level by the end of the session. I have recently mentioned that the $92.00 level would be the beginning of significant resistance, and they do feel that it is a "zone" all the way up to the $92.50 level.
The EUR/USD pair fell during most of the session on Wednesday, but as you can see the bullishness that came into the market that the Euro was pushed above the 1.30 handle.
The other day, I mentioned this pair in my analysis and told many of you that I thought it would start falling again. It has certainly done just that, and it also has done it in congruence with the rising of oil prices.
The USD/JPY pair fell during most of the session on Wednesday, but managed to form a bit of a hammer for the session. While the candle itself isn't that impressive, the fact that it formed just after a massive hammer on Tuesday is what caught my attention.
