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 rose during the session on Friday, bouncing off the 1.36 handle as you can see. This is an area of course that is a large, round, psychologically significant number, but at the end of the day I don’t think it is major.
The AUD/USD pair went back and forth on Friday, testing the 0.93 level for both support and resistance at the same time. The resulting candle of course is a neutral candle, which suggests to me that this market ran out of steam during the session.
The USD/JPY pair fell initially during the session on Friday, but just as it did on Thursday, we found buyers towards the end of the day which push the market back up to form a hammer. Get the full update for June 2, 2014 here.
The NZD/USD pair had a back-and-forth session on Friday, as we continue to hang about the 0.85 region. Get the full technical analysis for June 2, 2014 here.
Begin the new month of June 2014 with this weekly Forex forecast of some of the major currency pairs here.
Learn where the XAU/USD (Gold) pair is headed for the month of June 2014 with this forecast here.
Check out the USD/CAD montly forecast for June 2014 here.
Check out the USD/JPY monthly forecast for June 2014 here.
Check out the June 2014 monthly forecast for the EUR/CAD pair here.
Get the trade recommendations for the CHF/JPY pair for the upcoming month of June 2014 here.
Learn where the XAG/USD pair is headed for the upcoming month of June 2014 here.
The XAU/USD pair continued to sink yesterday and touched its lowest level since February 4. The pair traded as low as $1251.29 an ounce but recovered some of earlier losses after the U.S. GDP and pending home sales data fell short of market expectations.
The WTI Crude Oil markets had a slightly positive session on Thursday, as the $103 level did in fact offer support. I had mentioned that there was a gap below that could continue to push market higher, and as a result that prediction has come true, at least for this particular session.
The USD/JPY pair fell initially during the session on Thursday, but as you can see found enough support below in order to push the market back up and form a nice-looking hammer. In fact, this is essentially a perfect hammer.
