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.
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The EUR/USD pair fell during the bulk of the session on Wednesday, but as you can see we ended up finding a significant amount of support below the 1.3350 level, and bounce far enough to form a hammer.
The CAD/JPY pair initially fell during the course of the day on Wednesday, but as you can tell the 93.20 level offered enough support to turn things back around and form a nice-looking hammer.
Get the Forex signal for the GBP/USD pair for August 7, 2014 here.
Get the EUR/USD Forex signal for August 7, 2014 here.
Yesterday’s candle confirms that there is an intense battle going on between the bears and bulls. Increasing demand for the American dollar is putting a pressure on gold prices but recent weakness in the major stock markets and geopolitical concerns are limiting the down side.
The WTI Crude Oil markets fell during the course of the day on Tuesday, ultimately testing the $97.00 level for support yet again. We found the area supportive enough to form a hammer though, and as a result I think that a bounce is probably coming.
The EUR/USD pair fell during the bulk of the session on Tuesday, and even made a fresh, new low. Because of this, the market could continue lower, and aim for the next support level that I see being significant, the 1.33 handle.
The GBP/CHF pair rose during the session on Tuesday, testing the 1.5350 region. However, I see the 1.54 level as being where we really need to test in order to decide where we go next.
The NZD/JPY pair fell during the bulk of the session on Tuesday, testing the 86.80 region. However, as we have a New Zealand employment number announcement coming out during the session today, the fact that the New Zealand dollar would take a little bit of a break wouldn’t be that big of a surprise in my opinion.
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Get the NZD/USD weekly Forex signal for August 5, 2014 here.
BTC/USD on the hourly charts has been trading in a very narrow trading range forming a triangle. Prices have been unable to break above or below the support and resistance zones.
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Sign up to get the latest market updates and free signals directly to your inbox.The XAU/USD pair (Gold vs. the American dollar) closed yesterday's session with a loss but remained within the last two days of trading range. Currently the pair is trading at $1288.58 an ounce and prices are steady during the Asian session today.
The EUR/USD pair initially fell during the course of the day on Monday, but as you can see the area below the 1.34 level offered enough support to turn things back around and form a hammer.
The NZD/USD pair initially fell during the course of the day on Monday, but as you can see the 0.85 level data in fact offer a bit of support.