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 EUR/NZD pair fell rather hard during the session on Wednesday, breaking below the 2 lows that we had seen recently near 1.5750 or so. Because of this, we have broken the backs of 2 significant hammers, and I believe that this market is about to start falling significantly.
The EUR/CAD pair fell again during the session on Wednesday, breaking to a fresh, new low. I mentioned this pair the other day, and we have in fact made that fresh new low that I needed to see in order to start selling with any type of long-term intentions.
According to the analysis of the crude oil and EUR/JPY, trader profited on a binary options trading platform. See how here
The XAU/USD pair (Gold vs. the American dollar) ended yesterday's session higher than opening after two consecutive days of losses. Yesterday, the pair traded as high as $1263.49 an ounce as uncertainty in the U.S. and European equities increased desire for the relative safety of gold.
The WTI Crude Oil markets rose during the course of the session on Tuesday, but pulled back from the $105 region to form a shooting star. While the shooting star formation is very negative, I believe that it simply shows that the market isn’t ready to breakout quite yet.
The EUR/USD pair fell during the session on Tuesday, but remains above the 1.35 level which I see as the “floor” in that pair. Because of this, I am essentially sitting on the sidelines and waiting for a signal to start buying.
The USD/JPY pair fell during the bulk of the session on Tuesday, but continues to find the 102 level to be supportive enough to keep the market somewhat afloat.
The EUR/JPY pair fell during the session on Tuesday, crashing through the 139 level. The 139 level of course has been ordered been resistive in the past, so it makes sense that this market will continue to gravitate towards this area.
The EUR/GBP pair continues to grind lower as the Tuesday session was of course bearish as well. However, we did bounce significantly off of the 0.8050 level in order to form a hammer. Get the full analysis for June 11, 2014 here.
Check out the daily Forex signal for the GBP/USD pair for June 11, 2014 here.
Get the daily Forex signal for the EUR/USD pair for June 11, 2014 here.
According to the analysis of the crude oil and USD/CAD, trader profited on a binary options trading platform. See how here
Check out the weekly Forex signal for the CHF/JPY pair for June 10, 2014 here.
Gold had an extremely and unusually quiet day of trading the first day of this week. Towards the close of Monday’s London session the price had barely moved, sticking within a range just greater than $5.
The WTI Crude Oil markets had a very strong showing during the session on Monday, but remains below the $105 level. The area between the $104.50 level and the $105 level should continue to be resistive, but ultimately I believe that the $105 level will get broken to the upside.
