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
The USD/CAD pair fell rather hard during the course of the session on Friday, testing the 1.12 level. This is an area that has been both supportive and resistive in the past, so it’s not exactly huge surprise that it would offer support during the Friday session.
Check out the USD/JPY Forex signal for November 24, 2014 here.
Check out the GBP/USD Forex signal for November 24, 2014 here.
Check out the Forex forecast for the week of November 24, 2014 here.
Check out the EUR/USD Forex signal for November 24, 2014 here.
Amazon.com, Inc. (NASDAQ:AMZN) is gearing up for one of the fiercest rivalries in the video streaming business after announcing plans to launch an ad-supported video service.
Over recent months, there has been an uproar concerning the National Security Agency snooping into social media records of users from world over. This led to the development of many platforms which are claiming to be encrypted.
The XAU/USD pair ended the day up nearly 1% as the dollar took a breather from its recent rally. In the latest economic data, Markit's manufacturing index came in at 54.7, down from the previous month's 55.9 and below expectations for a reading of 56.2.
The EUR/USD pair continues to grind sideways and just above the 1.25 handle. The session on Thursday showed more sideways action, and I believe that we are trying to build up enough downward momentum to take advantage of the strength in the US dollar and push this pair much lower.
The USD/JPY pair continues to show strength even though we had a little bit of a neutral candle for the session on Thursday. After all, even though we are slowing down, it does in fact look like there are going to be buyers below.
According to the analyses of the AUD/USD and GBP/USD, trader profited on a binary options platform. See how here for November 20, 2014.
A group of billionaires have recently taken an active interest in developing the Bitcoin marketplace and Bitcoin technology. They already invested close to $21 million in the blockchain technology called Blockstream.
The Coca-Cola Co (NYSE:KO) stock received a lift in the market after the giant beverage company confirmed it had entered into a definitive agreement with Great Lakes Coca Cola Distribution LLC.
The EUR/USD pair tried to rally during the course of the day on Wednesday, but struggled at the 1.26 level yet again. By doing so, we ended up forming a massive shooting star which of course is just about perfect in a marketplace that has been bearish for some time.
The USD/JPY pair broke out again during the session on Wednesday, as we continue to see you us dollar strength overall. In fact, it’s probably only a matter of time before we go to the 120 handle, which is my longer-term target.