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/CAD pair initially try to fall during the session on the day, but as you can see broke back above the 1.45 handle. This of course is a very positive sign, and it should be noted that a massive uptrend line did in fact market higher.
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Although the XAU/USD pair settled lower on the first trading day of the week, the 1312/06 area continued to offer support. 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 price of Bitcoin after closing below the support level of 638 has been unable to make any major upmove. Get the forecast for July 7, 2014 here.
Get the GBP/USD Forex Signal for July 7, 2014 here.
Get the EUR/USD Forex signal for July 7, 2014 here.
The EUR/USD pair fell during the session on Friday, but as you can see the range was relatively small, which of course makes sense as the Americans would have been away at the Independence Day holiday.
The EUR/NZD pair fell slightly during the session on Friday, but as you can see sits just above the psychologically significant 1.55 handle. This area has been rather supportive lately, as we have been consolidating, but as you can see we have been in a downtrend for some time.
The EUR/GBP pair fell during the session on Friday, breaking below the 0.7950 level. This of course is a fairly negative sign, as the downtrend seems to be in full effect, and should continue to extend much lower.
The EUR/CAD pair tried to fall during the session on Friday, but as you can see bounced and order to form a hammer.
The EUR/JPY pair fell during the course of the session on Friday, but as you can see we have been consolidating recently, and the red line at the 138 level has in fact offered support for some time now.
Gold prices (XAU/USD) rose 0.46% over the course of the week and settled at $1320.26 an ounce on Friday. Without doubt last week’s main event was release of the government’s jobs report.
