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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The USD/CAD pair went back and forth during the session on Tuesday, settling on a relatively neutral candle.
The EUR/USD pair rose during the course of the session on Tuesday, bouncing off of the 1.36 region, as that area continues offer support.
The XAU/USD (Gold vs. the American dollar) pair printed another bearish candle yesterday after strong U.S. manufacturing data helped push money back into the dollar and equities.
Check out the GBP/USD Forex signal for June 3, 2014
Check out the Forex signal for the EUR/USD pair for June 3, 2014 here.
The WTI Crude Oil markets fell during the bulk of the session on Monday, testing the $102.50 level. The market has been very bullish lately, but you have to keep in mind that there is a gap that needed to be filled.
The EUR/USD pair fell during the bulk of the session on Monday, but as you can see found the 1.36 reason to be supportive enough to keep the market somewhat afloat. Get the full analysis for June 3, 2014 here.
The GBP/USD pair initially fell during the session on Monday, testing the 1.67 level for support. Ultimately, the market did show support there and as a result formed a hammer by the end of the day. See what's in store for June 3, 2014 here.
According to the analysis of the AUD/USD and EUR/USD pairs, trader profited on a binary options trading platform. See how here
Check out the Forex signal for the GBP/USD for June 2, 2014 here.
Check out the free Forex signal for the EUR/USD pair for June 2, 2014 here.
Forex signals are published daily on DailyForex.com. These signals are frequently not triggered and either exact prices are given at which trades should be taken or trades should be taken if confirmed by price action. Get the recap for the May 2014 signals here.
The EUR/USD pair rose during the session on Friday, bouncing off the 1.36 handle as you can see. This is an area of course that is a large, round, psychologically significant number, but at the end of the day I don’t think it is major.
The AUD/USD pair went back and forth on Friday, testing the 0.93 level for both support and resistance at the same time. The resulting candle of course is a neutral candle, which suggests to me that this market ran out of steam during the session.
The USD/JPY pair fell initially during the session on Friday, but just as it did on Thursday, we found buyers towards the end of the day which push the market back up to form a hammer. Get the full update for June 2, 2014 here.