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 XAU/USD pair had an interesting session with the bulls and bears gaining and losing ground almost equally. Yesterday, data from the world’s largest economy were mixed.
The WTI Crude Oil market went back and forth during the session on Tuesday, finding support down at the $106 level. However, I suspect that there is probably a little bit more in the realm of bearishness, as the $105 level of course was a much more significant resistance area that we broke out of.
Get the Forex signal for the USD/JPY pair for June 18, 2014 here.
Get the recommendation for the GBP/USD pair with this free Forex signal for June 18, 2014 here.
Get the EUR/USD Forex Signal for June 18, 2014 here.
The silver markets fell initially during the session on Tuesday, but as you can see the $19.50 level offered enough support to push this market back up and form a hammer. Get the full analysis for June 18, 2014 here.
The EUR/USD pair fell during the course of the session on Tuesday, but still remains above the 1.35 support level. Because of this, I don’t necessarily think that we are breaking down quite yet, rather we are simply going sideways at a massive support zone.
The GBP/USD pair fell during the majority of the session on Tuesday, but found enough support near the 1.6950 handle to turn things back around and form a hammer.
The USD/JPY pair broke out to the upside during the session on Tuesday, clearing the 102 level. This is a minor resistance area, but it is a good sign that the market could go higher.
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Gold declined for the first time in five sessions as the bulls failed to overcome the resistance at the 1286 level which coincides with a descending trend-line dating back to mid-April.
The WTI Crude Oil markets fell during the course of the session on Monday, but remains very much supported looking and positive overall. Get the full Crude Oil analysis for June 17, 2014 here.
The EUR/USD pair initially fell during the course of the session on Monday, but as we have seen several times now, the 1.35 region brings and quite a few buyers.
The silver markets tried to rally during the session on Monday, but as you can see really struggled to keep any gains by the end of the day. Get the full analysis on Silver for June 17, 2014 here.
The GBP/USD pair tried to breakout during the session on Monday, but the 1.70 level has offered enough resistance again to keep the market down. The resulting candle of course is a shooting star and I feel that the sellers will probably step in at this point in time.