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/JPY pair rose during most of the session on Wednesday, but as you can see ran into a bit of resistance of the 140 handle. The resulting action forced the printing of a shooting star during the day, which of course is a very negative candle.
The EUR/CAD pair has bounced over the last couple of days rather significantly, but at the end of the day on Wednesday, we ended up running a nice-looking shooting star. Get the full analysis for June 5, 2014 here.
Check out the EUR/GBP Forex signal for June 5, 2014 here.
The XAU/USD pair settled slightly higher on Tuesday, marking the first rise in seven trading sessions, as caution set in ahead of high impact economic data releases later this week.
The WTI Crude Oil markets fell during the course of the session on Tuesday, testing the $102.50 level in order to find support there.
The USD/JPY pair initially fell during the session on Tuesday, ultimately finding the 102.50 level to be supportive enough to make this market bounce and form a nice-looking hammer.
The USD/CAD pair went back and forth during the session on Tuesday, settling on a relatively neutral candle.
The EUR/USD pair rose during the course of the session on Tuesday, bouncing off of the 1.36 region, as that area continues offer support.
The XAU/USD (Gold vs. the American dollar) pair printed another bearish candle yesterday after strong U.S. manufacturing data helped push money back into the dollar and equities.
Check out the Forex signal for the EUR/USD pair for June 3, 2014 here.
The WTI Crude Oil markets fell during the bulk of the session on Monday, testing the $102.50 level. The market has been very bullish lately, but you have to keep in mind that there is a gap that needed to be filled.
The EUR/USD pair fell during the bulk of the session on Monday, but as you can see found the 1.36 reason to be supportive enough to keep the market somewhat afloat. Get the full analysis for June 3, 2014 here.
The GBP/USD pair initially fell during the session on Monday, testing the 1.67 level for support. Ultimately, the market did show support there and as a result formed a hammer by the end of the day. See what's in store for June 3, 2014 here.
According to the analysis of the AUD/USD and EUR/USD pairs, trader profited on a binary options trading platform. See how here
