Forex Technical Analysis

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.

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Forex Technical Analysis

GBP/USD Daily Outlook- July 23, 2014 | 7/23/2014 8:02:00 AM

The GBP/USD pair had a back-and-forth session on Tuesday, ultimately settling on something along the lines of a hammer. This hammer sits at roughly the 1.7050 level, which I see is the beginning of support extending all the way down to the 1.6950 region, with of course the 1.70 level as the focal point.

Gold Price Analysis- July 23, 2014 | 7/23/2014 7:18:00 AM

Gold prices declined for the second time in three days as concerns surrounding Ukraine and Russia eased and stocks extend their gains.

Bitcoin Outlook- July 22, 2014 | 7/22/2014 8:24:00 AM

Bitcoin continues to trade in a rangebound manner with no immediate signs of a breakout as yet. It seems that the bulls and the bears are in no mood to flex their muscles to get it their way and are rather just waiting for the other party to tire out.

Crude Oil Price- July 22, 2014 | 7/22/2014 8:16:00 AM

The WTI Crude Oil markets rose during the course of the session on Monday, testing the $104.60 level. We closed at the very top of the range, which tells me that this market is still very bullish, and I believe that this market will make a serious attempt to break above the $105 level.

EUR/USD Daily Outlook- July 22, 2014 | 7/22/2014 8:00:00 AM

The EUR/USD pair initially tried to rally during the session on Monday, but as you can see the market turned back around at the 1.3550 level, and as a result ended up forming a shooting star. The shooting star of course suggests that we are going to have quite a bit of trouble going higher, and as a result I a expect to see this market be very choppy.

USD/JPY Daily Outlook- July 22, 2014 | 7/22/2014 7:15:00 AM

The USD/JPY pair initially fell during the course of the day on Monday, but as you can see we bounced and formed a hammer. The hammer suggests that the market is going to go higher, and with the recent consolidation area, that doesn’t really surprise me much.

EUR/GBP Daily Outlook - July 22, 2014 | 7/22/2014 7:06:00 AM

The EUR/GBP pair tried to rally during the course of the day on Monday, but as you can see fell backwards again forming a shooting star. The shooting star of course suggests that the market is going to continue to fall, going along with the long-term downtrend.

CAD/JPY Daily Outlook- July 22, 2014 | 7/22/2014 7:02:00 AM

The CAD/JPY pair fell during the session initially on Monday, but as you can see the 94 level just below has been to the market previously, thereby sending the buyers into the market and having the daily candle print a hammer, which of course is a very bullish sign.

Gold Price Analysis - July 22, 2014 | 7/22/2014 6:51:00 AM

Gold prices rose slightly during yesterday's session and closed the day at $1312.24 an ounce. Investors continue to watch geopolitical events but some people don't expect contagion to major markets.

Successful Trades on July 21, 2014 | 7/21/2014 7:07:00 PM

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Bitcoin Outlook- July 21, 2014 | 7/21/2014 8:14:00 AM

After consolidating in a narrow range of approximately 22 points, Bitcoin looks set to end the week on a flat note. Get the analysis for July 21, 2014 here.

Crude Oil Price- July 21, 2014 | 7/21/2014 8:09:00 AM

The WTI Crude Oil market initially gapped higher on Friday, but as you can see ended up losing momentum during the day. That being the case, we broke down below the $103.00 level, and then bounced slightly.

Silver/USD Daily Outlook- July 21, 2014 | 7/21/2014 8:06:00 AM

The silver markets fell during the session on Friday, but remain above the supportive $20.60 level that has kept the market somewhat afloat after having a fairly impulsive move a few weeks ago.

EUR/USD Daily Outlook- July 21, 2014 | 7/21/2014 7:57:00 AM

The EUR/USD pair initially fell during the course of the day on Friday, even managing to break down below the 1.35 handle. Because of that, the buyers stepped in as the area has been massively supportive in the past.

USD/JPY Daily Outlook- July 21, 2014 | 7/21/2014 7:50:00 AM

The USD/JPY pair rose during the course of the day on Friday, but didn’t exactly form an impressive candle. The one thing that we did learn during this session was that the 101 level still continues to be supportive and the bottom of the larger consolidation area that we have been in for quite some time.