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
According to the analysis of the crude oil and USD/CAD, trader profited on a binary options trading platform. See how here
Check out the weekly Forex signal for the CHF/JPY pair for June 10, 2014 here.
Gold had an extremely and unusually quiet day of trading the first day of this week. Towards the close of Monday’s London session the price had barely moved, sticking within a range just greater than $5.
The WTI Crude Oil markets had a very strong showing during the session on Monday, but remains below the $105 level. The area between the $104.50 level and the $105 level should continue to be resistive, but ultimately I believe that the $105 level will get broken to the upside.
The EUR/USD pair tried to rally initially during the day on Monday, but as you can see fell significantly after failing. With this, the market tested the 1.3600 support region, which is the top of the wick from the hammer last week, which saw the market fall the way down to the 1.35 level.
The silver markets tried to rally during the session on Monday, but struggled to hang out above the $19 level during the day. With that, I believe that this market pulling back and forming a shooting star perhaps suggests that we are going to continue to see weakness in this market.
The USD/CAD pair fell during the course of the session on Monday, pulling back to the 1.09 level. This area was the site of a recent breakout, and as a result I believe that we will more than likely see support in this general vicinity.
Check out the GBP/USD Forex signal for June 10, 2014 here.
Check out the EUR/USD Forex signal for June 10, 2014 here.
Get the Forex signal for the USD/JPY pair for June 10, 2014 here.
Check out the USD/JPY Forex signal for June 9, 2014
Check out the EUR/USD Forex signal for June 9, 2014
Check out the GBP/USD Forex signal for June 9, 2014
Despite Friday’s decline, the XAU/USD pair posted first weekly gain in two weeks as the market formed a temporary floor just above the 1240 level. U.S. data released last week were not as strong as hoped but were more or less in line with market expectations.
The EUR/USD pair did very little during the session on Friday after the nonfarm payroll numbers came out of the United States. The addition of 217,000 jobs wasn’t really enough to excite the market one way or the other, and as a result the Euro did very little.