BTC/USD is trading in a narrow range with positive bias after opening at $476.58 it went down all the way till $459.84 before rebounding to currently trade at $476.58 .
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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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Get the USD/JPY Forex signal for September 10, 2014 here.
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Check out the GBP/USD Forex signal for September 10, 2014 here.
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Get the EUR/USD Forex signal for September 10, 2014 here.
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Although gold prices ended yesterday's session lower, the market found support just above the $1247 level. As a result, the pair erased some of the initial losses and created a long shadow to the down side.
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The EUR/USD pair fell initially during the session on Tuesday, but I believe that this market has simply fallen too far and into short of an amount of time. Because of this, the market rising formed a relatively supportive candle, but this should simply be a situation where you can sell rallies.
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The silver markets did very little during the session on Tuesday, as we continue to slam around the $19.00 level. The resulting candle is a very neutral candle, and as a result I think the $19.00 level will continue to attract buyers.
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The CAD/JPY pair initially fell during the course of the day on Tuesday, but as you can see found enough support below to turn things back around and form a nice-looking hammer.
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The USD/JPY pair initially surged higher during the session on Tuesday, but as you can see struggled once we got above the 106.25 region. With that being the case, we ended up forming a little bit of a shooting star, and that of course suggests that the market is going to see some weakness.
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The GBP/USD pair went back and forth during the course of the day on Tuesday, but ultimately decided very little in the end of the day. The market is essentially neutral for the session, but there is no doubt that we are in a massive downtrend.
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BTC/USD opened higher in today’s trading session before quickly posting a fall to $462.69 after Bulls had something to cheer on the increase of volumes in yesterday’s trading session.
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The XAU/USD pair (Gold vs. the American dollar) closed yesterday's session with a loss as the market continued to encounter resistance around the $1272.90 level.
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Check out the USD/JPY Forex signal for September 9, 2014 here.
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Get the GBP/USD Forex signal for September 9, 2014 here.
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