The GBP/USD pair went back and forth during the session on Tuesday, essentially settling nothing. That being said though, we do have a Federal Reserve interest rate decision coming out today, as well as a statement.
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/JPY pair is a bit of an anomaly when it comes to the Euro. I’m very bearish of the Euro in general, but I also recognize that the Japanese yen is probably one of the few currencies out there that is being sold just as aggressively as the Euro, and perhaps even more so.
Get the USD/JPY Forex signal for October 29, 2014 here.
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Check out the EUR/USD Forex signal for October 29, 2014 here.
Microsoft Corporation (NASDAQ:MSFT) reported that it will be providing unlimited storage space to all users who use Office 365.
After four consecutive days of losses it appears that the XAU/USD pair (Gold vs. the American dollar) steadied during the Asian session today.
Get the USD/JPY Forex signal for October 28, 2014 here.
Get the EUR/USD Forex signal for October 28, 2014 here.
The WTI Crude Oil market has been very bearish for quite some time now. After all, you can see that the market fell from the $90 level all the way down to the $80 level in a flash.
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The EUR/USD pair did break higher again during the session on Monday, but this market still faces a significant amount of resistance above.
Silver markets didn’t do much during the session on Monday, as we continue to go nowhere. The market is currently stuck between the $17 and $17.50 levels.
Check out the AUD/USD weekly Forex signal for October 28, 2014 here.
Facebook Inc. (NASDAQ:FB) has been one of the top performing social media stocks, with the stock gaining close to 49% this year alone.
The EUR/USD pair continued to struggle during the session on Friday as the 1.27 level seems to be rather resistive. On top of that, the 1.28 level above is also a resistive area as well, and with that being the case selling this market is essentially the only thing I’m looking to do.
The USD/JPY pair continues to find buyers every time he drops, and the Friday session was of course not any different. Ultimately, the market should continue to be a “buy on the dips” type of proposition, and I do think that is going to be the way this market continues going much longer term and far into 2015.