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.
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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.
Get the weekly Forex signal for the AUD/USD pair for July 2, 2014 here.
According to the analysis of the USD/JPY and crude oil, trader profited on a binary options trading platform. See how here
The USMS auction brought great news for Bitcoin traders and investors, who for a long time, have been waiting for a good breakout. After spending a considerable period near 600-610 levels, the price finally broke free and shot up nearly 7% to 640 levels owing to a successful auction in which 45 registered bidders participated.
Get the USD/JPY Forex signal for July 1, 2014 here.
Get the GBP/USD Forex signal for July 1 2014 here.
Begin the new month with this EUR/USD Forex trading signal for July 1, 2014 here.
The WTI Crude Oil market fell initially during the session on Monday, testing the $104.75 level. That being the case, the market found plenty of support down below, and bounced enough to form a hammer.
The gold markets had a small pullback at the beginning of the day on Monday, but as you can see the $1310 level offered enough support to push the market back up. In fact, we ended up having a fairly strong day, and closed at the top of the range roughly.
The EUR/USD pair had a very strong showing on Monday, testing the 1.37 level for resistance. We did in fact find support up there, and it does not surprise me that we stopped just below that area.
