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.
Forex Technical Analysis
Forex Technical Analysis
Check out the GBP/USD Forex signal for December 11, 2014 here.
Check out the EUR/USD Forex signal for December 11, 2014 here.
Get the USD/JPY Forex signal for December 11, 2014 here.
The EUR/USD pair rose during the session on Wednesday, smashing into the 1.25 level. This is where I suspect we will see quite a bit of resistance though, so quite frankly feel it’s only a matter of time before the sellers come back into this marketplace and push the Euro down.
The NZD/USD pair initially fell during the course of the session on Wednesday, but turned back around to break above the 0.78 level. After all, we are still in the middle of consolidation, and as a result more than likely we should see selling pressure sooner or later.
Gold prices ended lower on Wednesday, pulling back after sizable gains in the previous two sessions, as investors covered some bullish bets. The day before yesterday, the slide in equity markets dented risk appetite and pushed gold prices to their highest in seven weeks.
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Internet service providers seem to be doing all they can to provide their consumers some of the fastest internet download speeds, according to Netflix, Inc. (NASDAQ:NFLX).
Netopia mobilPay, one of the biggest payment processors in Romania is trying to integrate Bitcoin as a form of payment for all of its merchants.
The EUR/USD pair initially rallied fairly significantly during the session on Tuesday, but the closer we get to the 1.25 level we begin to see quite a bit of selling pressure. Of course Tuesday was no different, and the market continues to struggle in that general vicinity.
The EUR/JPY pair fell rather hard during the session on Tuesday, but found quite a bit of support at the 156.50 level. With that, I feel that this market should continue to go higher, and that it will find buyers if we can break above the top of this hammer.
Get the EUR/USD Forex signal for December 10, 2014
Get the GBP/USD Forex signal for December 10, 2014 here.
Check out the USD/JPY Forex signal for December 10, 2014
Gold prices advanced 2.2% on Tuesday, extending their gains to a second straight session, as concerns over volatility in the global equities and strength in the Japanese yen increased demand for the precious metal's appeal.