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 WTI Crude Oil markets rose during the course of the day on Friday, bouncing all the way back above the $95.00 level. Because of this, it appears that the market could very easily bounce a little farther, perhaps heading to the $96.50 level.
The EUR/USD pair rose during the session on Friday, testing the 1.34 level yet again. Get the full analysis for August 18, 2014 here.
Silver markets fell rather hard during the course of the day on Friday, breaking well below the $19.80 level.
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The CHF/JPY pair broke higher during the course of the day on Friday, but as you can see the 113.50 level offered enough resistance to turn the market back around towards the end of the day.
The EUR/GBP pair rallied during the session on Friday, testing the 0.8030 level. This area offered resistance back during the month of June as well, and now that we have tested it again, it’s hard for us not to notice that the market moving above that level.
The XAU/USD pair closed slightly higher than opening on Thursday after the weaker-than-anticipated economic data released from the Unite States raised doubt over how quickly the Fed is going to start to raise rates to normalize policy.
The WTI Crude Oil market absolutely collapsed during the session on Thursday, breaking well below the $96.50 level. With that, it shows that the market has broken below significant support, and as a result I think that the oil markets are about to fall apart.
The EUR/USD pair tried to rally during the course of the day on Thursday, but as you can see struggled to hang onto the gains and therefore formed a shooting star for the second day in a row.
The US Dollar Index initially fell during the course of the day on Thursday, bouncing off of the 81.40 level. The resulting bounce formed a hammer, and that of course suggests that we are going to see buying pressure again.
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The NZD/USD pair went back and forth during the course of the day on Thursday, as we continue to show significant support just below the trading area that we are and at the moment.
The EUR/GBP pair rose during the session on Thursday, but found the 0.8035 level to be too resistive yet again and we ended up going back to form a shooting star.
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The WTI Crude Oil markets went back and forth during the course of the day on Wednesday, showing the $96.50 level to be supportive yet again. We have been consolidating in this general vicinity, so it’s not a surprise that we continue to hang about.
The EUR/USD pair as you can see went back and forth during the course of the day on Wednesday, testing the 1.34 level. With that, the market turned back around and formed a shooting star.