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 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.
According to the analysis of the GBP/USD and crude oil, trader profited on a binary options trading platform. See how here
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.
The CAD/JPY pair has been very congested recently, and the Monday session really didn’t do anything to change that. However, what has caught my attention is that every time we fall down towards the 93.50 level, the market bounce is nicely.
Check out the weekly Forex signal for the EUR/JPY pair for June 17, 2014 here.
Get the USD/JPY Forex signal for June 17, 2014 here.
Check out the GBP/USD Forex signal for June 17, 2014 here.
Get the EUR/USD Forex signal for June 17, 2014 here.
According to the analysis of the EUR/USD and crude oil, trader profited on a binary options trading platform. See how here
The WTI Crude Oil markets initially gapped higher at the open on Friday, but as you can see spent the rest of the day falling. We did find a little bit of support at roughly $106.50, and as a result we ended up forming a hammer at the end of the session.