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 Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
Get the EUR/USD Forex signal for July 9, 2014 here.
The WTI Crude Oil market went back and forth during the session on Tuesday, testing the $103 level. Because of this, it appears that the market may continue to drift a little bit lower, but most certainly find some type of support below.
The EUR/USD pair pullback initially during the session on Tuesday to finally find support somewhere below the 1.36 handle. The resulting support ended up forming a hammer, and as a result it now looks to me as if the market could head towards the 1.37 level, an area that has been massively resistive previously.
The GBP/USD pair initially rallied during the session on Tuesday, but then spend quite a bit of time falling. Below the 1.71 level, we found plenty of support and bounced yet again form a nice-looking hammer.
The NZD/USD pair broke higher during the session on Tuesday, ultimately testing the 0.88 level which has been massively resistant. Get the full analysis for July 9, 2014 here.
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The WTI Crude Oil markets fell during the course of the session on Monday, testing the $103 region. This area should be rather supportive though, as the market has been very bullish for some time.
The gold markets fell initially during the session on Monday, but as you can see found enough support at the $1310 level in order to bounce and form a nice-looking hammer.
The EUR/USD pair initially fell during the course of the day on Monday, but found enough support below the 1.36 level to form a fairly positive candle, and as a result I would not be surprised at all to see this market continue to go higher, but there is a significant amount of resistance near the 1.37 level.
The GBP/USD pair fell during the session on Monday, but as you can see found enough support at the 1.71 level to turn things back around and form a little bit of a hammer. This area has been supportive over the last couple of sessions, and we are most certainly and an uptrend to begin with.
The EUR/CAD pair initially try to fall during the session on the day, but as you can see broke back above the 1.45 handle. This of course is a very positive sign, and it should be noted that a massive uptrend line did in fact market higher.
Check out the GBP/USD Forex signal for July 8, 2014 here.
Check out the EUR/USD Forex signal for July 8, 2014 here.
Get the USD/CAD Forex weekly signal for July 8, 2014 here.
Although the XAU/USD pair settled lower on the first trading day of the week, the 1312/06 area continued to offer support. As a result, the pair erased some of the initial losses and created a long shadow to the down side.