The NZD/USD pair fell initially during the session on Tuesday, testing the 0.84 level. This area has been supportive in the past, and it does not surprise me that we formed a hammer for the day showing more support as well.
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The EUR/GBP pair fell during the session on Tuesday, continuing the negativity that we have seen for months now. However, recently we have seen a little bit of a pullback in the downtrend, and a test of the 0.80 resistance barrier.
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Check out the USD/JPY Forex signal for August 13, 2014 here.
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Get the Forex signal for the GBP/USD pair for August 13, 2014 here.
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Get the EUR/USD Forex signal for August 13, 2014 here.
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BTC/USD on the daily charts broke below the lower end of the triangle formation which is seen as a bearish sign on the back of good volumes. Post the breakdown we see the next level of support for the digital currency at around $543.
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Get the USD/JPY Forex signal for August 12, 2014 here.
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Get the GBP/USD Forex signal for August 12, 2014 here.
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Get the EUR/USD Forex signal for August 12, 2014 here.
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Gold prices settled lower yesterday, extending losses from Friday's session, as easing concerns surrounding Ukraine and Russia and signs of stabilization in the equities markets lured some investors away from the precious metal.
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Get the GBP/CHF weekly Forex signal for August 12, 2014 here.
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The WTI Crude Oil markets fell during the open on Monday as we gapped lower and just sat there. Essentially, the market has absolutely nothing driving it at the moment, as we continue to consolidate and a very choppy area of the charts.
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The EUR/USD pair fell during the session on Monday, as we continued the sideways overall movement that we’ve seen in this market. I believe that this market should continue to find plenty of bearish pressure in general, and as a result I am still looking sell rallies.
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The silver markets as you can see had a slightly positive session on Monday, breaking above the $20.00 level during the day. However, you can see that the selling pressure arrived later in the day, pushing the market back down below that level.
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The EUR/CAD pair fell during the session on Monday, as we hit a massively negative downtrend line. That downtrend line continue to push the market lower, and as a result the move is one that could be expected.
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