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.
The WTI Crude Oil markets fell during the course of the day on Monday, breaking to a fresh, new low. Because of this, it’s more than likely that we will continue to go lower, probably aiming for the $92.00 level first which I see as a significant support level on the longer-term chart.
The EUR/USD pair fell during the day on Monday, but remained within the consolidation area that we had been trending in for a couple of weeks now. The 1.33 level below of course is very supportive, and as a result we need to get down below there before I would consider selling this market.
The EUR/GBP pair fell during the session on Monday, closing below the 0.80 handle again. After forming two shooting stars in a row last week, this is not much of a surprise as it appears that the buyers have run out of steam a little bit at this point.
Get the trading signal updates for the month of July 2014 here.
BTC/USD on the daily charts has been in a very strong downtrend right from the time it has broken below the important support level at $556.
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Get the USD/JPY Forex signal for August 18, 2014 here.
Check out the GBP/USD Forex signal for August 18, 2014 here.
Get the EUR/USD Forex signal for August 18, 2014 here.
Gold weakened against the American dollar for the first time in four sessions after the Labor Department's report revealed that concerns about inflation were insubstantial.
The WTI Crude Oil markets rose during the course of the day on Friday, bouncing all the way back above the $95.00 level. Because of this, it appears that the market could very easily bounce a little farther, perhaps heading to the $96.50 level.
The EUR/USD pair rose during the session on Friday, testing the 1.34 level yet again. Get the full analysis for August 18, 2014 here.
Silver markets fell rather hard during the course of the day on Friday, breaking well below the $19.80 level.
The CHF/JPY pair broke higher during the course of the day on Friday, but as you can see the 113.50 level offered enough resistance to turn the market back around towards the end of the day.
The EUR/GBP pair rallied during the session on Friday, testing the 0.8030 level. This area offered resistance back during the month of June as well, and now that we have tested it again, it’s hard for us not to notice that the market moving above that level.
