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
Top Forex BrokersForex Daily Forecast, Analysis and Prediction
The EUR/USD pair had a bit of a bounce towards the end of June in order to test the 1.3650 area. However, I think that the real significant resistance is closer to the 1.37 handle, and as a result it really doesn’t impress me quite yet.
The US/JPY pair continued to hang about in the consolidation area that we have been in for some time during the month of June. Quite frankly, I don’t really see much changing at this point in time.
The EUR/CAD pair is one that I believe will be fairly interesting during the month of July. After all, on the weekly chart attached to this article, you can see that the 52 week moving average is sitting just below the candle for the end of June.
The GBP/USD pair has had a fairly significant move higher during the month of June. With the attached monthly chart, you can see that we are closing out the month above the 1.70 handle, and that is in fact a fairly big deal.
The AUD/USD pair has been a stubborn one as of late. The last few weeks have seen the buyers step in, we have a major amount of resistance just above current pricing at the 0.9450 handle, which I believe extends all the way to the 0.95 level.
After a short-lived rally, Bitcoin has again slipped into consolidation mode. BTC/USD, which managed to break out from its lower-top lower-bottom price structure owing to the auction held by the US Marshals Service on the 27th June has once again formed a narrow range near 600.
Get the USD/JPY Forex signal for June 30, 2014 here.
Get the GBP/USD Forex signal for June 30, 2014 here.
Get the Forex signal for the EUR/USD pair for June 30, 2014 here.
The XAU/USD pair scored a gain of 5.3% on a monthly basis as the U.S. Federal Reserve’s dovish stance and geopolitical unrest in Iraq and Ukraine buoyed the precious metal’s appeal. Get the forecast for the month of July 2014 here.
The EUR/USD pair broke higher during the session on Friday, clearing the top of a hammer that informed on Thursday. While this is normally very bullish sign, I do have reservations because of the significant amount resistance that we’ve seen at the 1.37 handle.
The AUD/USD pair tried to rally during the session on Friday, but failed again near the 0.9450 level. This area has offered a significant amount resistance previously, so it is not a surprise that we struggle to break higher.
The GBP/USD pair initially fell during the session on Friday, but as you can see the 1.70 level has offered a bit of support. This area was one significant resistance, and the fact that we are starting to find buyers in this area is a very good sign.
The USD/CHF pair fell during the session on Friday, but sits just above the 0.89 support level. This level has been rather reliable so far, and as a result it’s difficult to sell this market until we clear that level significantly.
The USD/CAD pair continue to fall during the session on Friday, as the market continues to find strength in the Canadian dollar. With interesting is that the oil markets look like they’re ready to go much higher, and the Canadian dollar is finally strengthening.