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 AUD/CHF pair fell hard during the course of the session on Wednesday, heading down to the 0.82 level. That area has been supportive in the past, but I am also looking at the stochastic oscillator, as it shows that there could be a potential crossover somewhere in this general vicinity.
The GBP/USD pair rallied during the bulk of the session on Wednesday, testing the 1.57 level. That being the case, the market pullback a little bit but it looks like the ready to grind in this general vicinity.
The AUD/USD pair fell during the course of the day on Wednesday, testing the 0.86 level for support. Ultimately, we feel that this market should continue to fall, but we recognize there could be a little bit of support at the 0.85 handle as well.
Gold prices closed lower on Wednesday, erasing all of the previous day's gains, after the minutes from the Federal Open Market Committee’s October 28-29 meeting showed that policy makers are concerned about the inflation outlook.
Check out the USD/JPY Forex signal for November 20, 2014 here.
Check out the GBP/USD Forex signal for November 20, 2014 here.
Check out the EUR/USD Forex Signal for November 20, 2014
Bitcoin has over the past few years has had its ups and downs. From being touted as the new transaction currency, breaking away from the traditional currencies, to being used as a prime currency for running an underground drug market called Silk Road, Bitcoin seems to have come a full circle.
Apple Inc. (NASDAQ:AAPL) might have clocked a record high of $115 in the market, but that has not stopped some of the biggest hedge funds in the U.S from offloading their stakes in the company.
Check out the USD/JPY Forex signal for November 19, 2014 here.
Check out the GBP/USD Forex signal for November 19, 2014 here.
Check out the EUR/USD Forex signal for November 19, 2014 here.
Gold prices rose on Tuesday, hitting the highest level since October 31, as the greenback lost some strength ahead of the release of the U.S. Federal Reserve's October meeting minutes, which market players hope will provide further insight into the central bank's assessment of the economy.
According to the analyses of the EUR/USD and USD/JPY, trader profited on a binary options platform. See how here for November 18, 2014.
Ex-CEO of Citigroup Vikram Pandit, has come out in support for Bitcoin and believes that the innovative product has the potential of changing the way transactions happen.
