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.
Most Recent
The GBP/USD pair went back and forth during the course of the session on Wednesday, testing the 1.70 level as resistance, and as a result it appears that the market failing there shows that the resistance is in fact still viable.
The USD/JPY pair fell initially during the course of the session on Wednesday, but not enough support near the 101.50 level to bounce enough to form a hammer.
The silver markets went back and forth on Wednesday, as we continue to test the $21.00 level. This level has been resistant, as most recently seen on Tuesday in the form of a shooting star, and as a result it’s very likely that a break above this level could in fact bring in more buyers.
Top Forex Brokers
Check out the GBP/USD Forex signal for June 26, 2014 here.
Get the EUR/USD Forex signal for June 26, 2014 here.
The WTI Crude Oil market initially gapped higher at the open on Wednesday, but spent the rest the day falling backwards, only to turn around at the $105.75 level and form a nice-looking hammer.
The XAU/USD pair closed higher than opening as the American dollar lost some strength across the board after the data released by the Commerce Department showed that demand for durable goods slumped in May and the U.S. economy contracted more than previously expected in the first quarter.
Get the USD/JPY Forex Signal for June 25, 2014 here.
Get the GBP/USD Forex signal for June 25, 2014 here.
Bonuses & Promotions
Get the EUR/USD Forex signal for June 25, 2014 here.
The GBP/USD pair fell hard during the session on Tuesday, slicing through the 1.70 handle. This is an area that I have been telling as significant support, and I still believe it to be.
The AUD/USD pair fell hard during the session on Tuesday, showing the 0.9450 level to be resistive enough to keep the market within the consolidation area that has been so important since the middle of May.
The WTI Crude Oil markets initially gapped lower at the open on Tuesday, but found enough support near the $105.50 level to bounce significantly.
Although gold gained some ground against the American dollar for a second session on Tuesday, strong economic numbers out of the United States and long-side profit taking hindered the bulls’ advance.
The WTI Crude Oil markets tried to rally during the session on Monday, but found the $107.50 level to be a bit too resistive, and turned back around to form a relatively negative candle.