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 EUR/USD pair fell slightly during the session on Thursday, but as you can see essentially sat still by the time we were said and done. That being the case, the market looks like it’s trying to find a little bit of support just above the 1.35 handle, and as a result we could continue forward in the summer range that we had anticipated previously.
The NZD/USD pair fell rather hard again during the session on Thursday, breaking the back of the hammer that informed on Wednesday. Because of this, it appears to me that the market is breaking down a bit, but the 0.8650 level will have to be broken down below in order to start selling again.
The USD/JPY pair ended up falling rather hard during the session on Thursday, but as you can see remains above the 101 level.
Get the daily forecast for the USD/CAD pair for July 17, 2014 here.
Get the USD/JPY Forex signal for July 17, 2014 here.
Check out the Forex signal for the GBP/USD pair for July 17, 2014 here.
Get the EUR/USD Forex signal for July 17, 2014 here.
The Bitcoin market desperately needs a big news or development that could trigger a breakout in the price which has been moving sideways in a narrow band of 20-25 points since 5th July 2014.
The XAU/USD pair closed Wednesday's session slightly higher than opening after two consecutive days of losses. The pair found support around the 1295 level and turned north after weaker than expected economic data out of the United States triggered some profit taking.
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Get the USD/JPY Forex signal for July 16, 2014 here.
The XAU/USD pair (Gold vs. the American dollar) fell 1% on Tuesday, extending its losses to a second straight session, and touched the lowest level since June 19.
The AUD/USD pair initially fell during the session on Tuesday, but found enough support near the 0.9350 level to turn things back around and form a bit of a hammer.
The EUR/GBP pair fell hard during the session on Tuesday, breaking to a fresh, new low.
