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 silver markets as you can see had a slightly positive session on Monday, breaking above the $20.00 level during the day. However, you can see that the selling pressure arrived later in the day, pushing the market back down below that level.
The EUR/CAD pair fell during the session on Monday, as we hit a massively negative downtrend line. That downtrend line continue to push the market lower, and as a result the move is one that could be expected.
The EUR/CHF pair fell again during the session on Monday, but as you can see we continue to find support somewhere near the 1.2135 area.
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Get the GBP/USD Forex signal for August 11, 2014 here.
Get the EUR/USD Forex signal for August 11, 2014 here.
The XAU/USD pair initially rallied during the session on Friday -after the U.S. launched an air strike against militants in Iraq- but pulled back as sellers stepped in around the key resistance level of $1324. U.S. stocks also rose, giving less reason for investors to buy gold, on news that Russia was ending military drills near the Ukrainian border.
The EUR/USD pair found support during the day on Friday near the 1.33508 handle, and then bounced in order to form a fairly positive candle.
The EUR/GBP pair rose during the course of the session on Friday, breaking higher and heading to the 0.80 level. This is an area of significant resistance as far as I can see, and as a result I think that buying here is going to be difficult as the market has a significant amount of resistance all the way to the 0.8050 level.
Get the weekly forecast for the major Forex pairs for the week of August 11, 2014 here.
BTC/USD on the hourly charts has shown some momentum on the upside. It has resistance at $595 which is downward sloping trend line.
Gold prices rose for a second straight session on Thursday to settle at their highest level in thirteen days as the conditions in the marketplace increased desire for safe haven diversification.
After the volatility of last week, things settled back to much of July’s pattern, with BTC/USD on the hourly charts continued trading in a very narrow trading range as traders and investors still try to grapple with the future direction for the digital currency.
Gold gained ground against the American dollar during Wednesday's session as the prospect of Russian military aggression on Ukrainian territory bolstered the precious metal's safe haven appeal.
The WTI Crude Oil markets initially tried to rally during the session on Wednesday, testing the $98.00 level and finding a significant amount of resistance.
