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 NZD/USD pair rose during the session on Wednesday, but remains below the vital 0.88 handle. This level has been resistive a couple of times now, but the fact that we continue to press up against it tells me that the market has already made up its mind as far as whether or not it wants to go higher.
Get the USD/JPY Forex Signal for July 3, 2014 here.
Get the GBP/USD Forex signal for July 3, 2014 here.
Get the EUR/USD Forex signal for July 3, 2014 here.
Gold gained against the American dollar for the second time in three days. Get the gold analysis for July 3, 2014 here.
The WTI Crude Oil market did very little during the session on Tuesday, but the one thing that he did do was prove the $105 level to be supportive yet again. Get the crude oil analysis for July 2, 2014 here.
The EUR/USD pair fell from the 1.37 level during the session on Tuesday, an area that has been both support and resistance previously. With this, it appears that the market did in fact chew through some resistance during the day, but did not get above the actual resistance zone.
The USD/JPY pair rose during the session on Tuesday, as the support that I anticipated below did in fact come back into play. This market has been consolidating for some time now, and as a result I think that we are looking at the summer range now.
The AUD/USD pair initially fell during the session on Tuesday, but found enough support below the shoot straight up towards the 0.95 handle. The fact that we broke above the 0.9450 level is in itself a positive sign, but the fact is that the 0.95 level is the top of that resistance area.
The EUR/GBP pair had a very negative session on Tuesday, breaking below the 0.80 handle yet again. The shooting started formed on Monday of course was the first sign that the market was about to fall apart, but what I believe is truly driving this market is the British pound itself, not necessarily some kind of concern with the Euro.
Get the USD/JPY Forex signal for July 2, 2014 here.
Get the GBP/USD Forex signal for July 2, 2014 here.
The XAU/USD pair tried to climb above the 1328/31 area yesterday after Ukraine said their military were engaging in active attacks against the separatists’ bases, but failed after encountering heavy resistance and pulled back to the 1325 level.
