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/JPY pair did very little during the session on Friday as the market took a rest. We are currently testing the 118 level, and as a result it would make a lot of sense if we pull back slightly in this general vicinity as far as I can see.
During the session on Friday, the New Zealand dollar tried to rally during most of the day. However, as we approached the 0.7950 region, without enough selling pressure to turn things back around and form a nice-looking shooting star.
The GBP/USD pair fell slightly during the course of the session on Friday, as we continue to see some grinding in this marketplace. It makes sense though, because the 1.57 level was massively supportive, is now being tested as resistance. I
The USD/CAD pair fell rather hard during the course of the session on Friday, testing the 1.12 level. This is an area that has been both supportive and resistive in the past, so it’s not exactly huge surprise that it would offer support during the Friday session.
Check out the USD/JPY Forex signal for November 24, 2014 here.
Check out the GBP/USD Forex signal for November 24, 2014 here.
Check out the Forex forecast for the week of November 24, 2014 here.
Check out the EUR/USD Forex signal for November 24, 2014 here.
Amazon.com, Inc. (NASDAQ:AMZN) is gearing up for one of the fiercest rivalries in the video streaming business after announcing plans to launch an ad-supported video service.
Over recent months, there has been an uproar concerning the National Security Agency snooping into social media records of users from world over. This led to the development of many platforms which are claiming to be encrypted.
The XAU/USD pair ended the day up nearly 1% as the dollar took a breather from its recent rally. In the latest economic data, Markit's manufacturing index came in at 54.7, down from the previous month's 55.9 and below expectations for a reading of 56.2.
The EUR/USD pair continues to grind sideways and just above the 1.25 handle. The session on Thursday showed more sideways action, and I believe that we are trying to build up enough downward momentum to take advantage of the strength in the US dollar and push this pair much lower.
The USD/JPY pair continues to show strength even though we had a little bit of a neutral candle for the session on Thursday. After all, even though we are slowing down, it does in fact look like there are going to be buyers below.
According to the analyses of the AUD/USD and GBP/USD, trader profited on a binary options platform. See how here for November 20, 2014.
A group of billionaires have recently taken an active interest in developing the Bitcoin marketplace and Bitcoin technology. They already invested close to $21 million in the blockchain technology called Blockstream.
