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 EUR/USD pair initially fell during the course of the day on Friday, even managing to break down below the 1.35 handle. Because of that, the buyers stepped in as the area has been massively supportive in the past.
The USD/JPY pair rose during the course of the day on Friday, but didn’t exactly form an impressive candle. The one thing that we did learn during this session was that the 101 level still continues to be supportive and the bottom of the larger consolidation area that we have been in for quite some time.
The XAU/USD pair posted first weekly loss in seven weeks as some investors liquidated their positions after the market failed to break through the resistance located around the $1340 level.
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Get the forecast for some of the major Forex pairs for the week of July 20, 2014 here.
After spending a considerable amount of time consolidating near 615, Bitcoin has finally witnessed a “relief” rally on the back of rising strength. Get the full analysis for July 18, 2014 here.
The XAU/USD pair (Gold vs. the American dollar) scored a gain of 1.1% on Thursday as heightened risk aversion and disappointing economic data out of the world's largest economy (on the housing front) combined to provide support to the precious metal.
The EUR/USD pair fell slightly during the session on Thursday, but as you can see essentially sat still by the time we were said and done. That being the case, the market looks like it’s trying to find a little bit of support just above the 1.35 handle, and as a result we could continue forward in the summer range that we had anticipated previously.
The NZD/USD pair fell rather hard again during the session on Thursday, breaking the back of the hammer that informed on Wednesday. Because of this, it appears to me that the market is breaking down a bit, but the 0.8650 level will have to be broken down below in order to start selling again.
The USD/JPY pair ended up falling rather hard during the session on Thursday, but as you can see remains above the 101 level.
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Get the daily forecast for the USD/CAD pair for July 17, 2014 here.
Get the USD/JPY Forex signal for July 17, 2014 here.
Check out the Forex signal for the GBP/USD pair for July 17, 2014 here.
Get the EUR/USD Forex signal for July 17, 2014 here.
The Bitcoin market desperately needs a big news or development that could trigger a breakout in the price which has been moving sideways in a narrow band of 20-25 points since 5th July 2014.
The XAU/USD pair closed Wednesday's session slightly higher than opening after two consecutive days of losses. The pair found support around the 1295 level and turned north after weaker than expected economic data out of the United States triggered some profit taking.