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.
Although gold gained some ground against the American dollar on Tuesday, solid economic numbers out of the United States hindered the bulls' advance. The pair initially climbed to a 4-day high of $1291.09 but pulled back to the $1280 level after data releases.
Get the USD/JPY Forex signal for August 27, 2014 here.
Get the GBP/USD Forex signal for August 27, 2014 here.
Get the EUR/USD Forex signal for August 27, 2014 here.
The WTI Crude Oil market rose during the session on Tuesday, and at one point in time even managed to break above the $94.00 handle. However, we ended up finding a bit of resistance of their and pulling back to form a shooting star.
The EUR/USD pair initially tried to rally during the session on Tuesday, but as you can see we found trouble just above the 1.32 handle, which of course was where the market gapped from at the open on Monday.
The USD/NOK pair fell during the course of the day on Tuesday, but found support in the form of the gap that we started the week out with on Monday. We ended up forming a hammer, and that of course is a very positive sign.
The EUR/CAD pair is one that I have been following closely for some time now. We have broken down a bit, and we even broke below the bottom of the previous days hammer on Tuesday.
The AUD/JPY pair rose during the course of the day on Tuesday, and even broke above the 97 level again, as it did on Monday as well. The market certainly looks bullish, and we should see continued buying pressure in my opinion.
Get the bitcoin forecast for August 26, 2014 here.
Get the USD/JPY Forex signal for August 26, 2014 here.
Check out the GBP/USD Forex signal for August 26, 2014 here.
Get the EUR/USD Forex signal for August 26, 2014 here.
The XAU/USD pair had a relatively tight range yesterday as investors try to digest last week's downswing. Diminishing geopolitical concerns and speculations that the Federal Reserve is leaning toward raising interest rates caused investors’ confidence in gold to erode.
The WTI Crude Oil markets gapped lower at the open on Monday, and then turned around to try to break to the upside. However, we found enough resistance at the $94.00 level in order to turn things back around and form a shooting star.
