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 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.
El GBP/USD parece listo para un movimiento importante al alza, pudiendo llegar al nivel 1.75. Habrá resistencia en 1.7060
End the month of June with this weekly Forex forecast, and begin July 2014 on the right track here.
The WTI Crude Oil markets fell during Thursday’s trading, testing the $105 level for support. That being the case, we did in fact a bounce from there, so it appears that the market is still going to be well supported.
The EUR/USD pair fell during the bulk of the session on Thursday, dropping down to the 1.3575 level. With that being the case, the market ended up finding all kinds of support down there to turn back around and form a massive hammer.
The GBP/USD pair broke to the upside during the session on Thursday, claiming well above the 1.70 level again, which of course has been significant support and resistance, and of course is also a large, round, psychologically significant number.
The EUR/JPY pair fell during the bulk of the session on Thursday, but the 138 level held true as far as support. That being the case, the market should continue to find buyers down in that general area, and I am not hesitating at all to start trading this pair to the upside as we are approach that level.
The EUR/NZD pair fell yet again during the session on Thursday, breaking down below the 1.55 support level. However, you can see that we bounce back above it and now the question then becomes whether or not we can continue lower.
Bitcoin is currently trading near its previous support level of 580 which is just at around 2-3% below the resistance level of 595. Get the analysis for June 27, 2014 here.
After three consecutive days of gain, the XAU/USD pair closed yesterday’s session lower than opening. The pair initially fell to its lowest level in five days but weaker-than-expected consumer spending data helped gold to recover some of its losses quickly and close at $1316.37 an ounce.
The EUR/USD pair rose during the session on Wednesday, as the US GDP revision came out horribly. With that being the case, the market sold off the US dollar, and by extension the Euro of course got a boost in reaction.
The GBP/USD pair went back and forth during the course of the session on Wednesday, testing the 1.70 level as resistance, and as a result it appears that the market failing there shows that the resistance is in fact still viable.