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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Get the EUR/USD Forex signal for July 10, 2014 here.
The WTI Crude Oil markets fell hard during the session on Wednesday, crashing through the $103 level. The market is well supported just below the $102.00 level though, so there is the possibility that buyers will step in and start buying in this general vicinity.
The EUR/USD pair initially fell during the session on Wednesday, but found the area below the 1.36 level to be supportive enough to push the market back off. On top of that, the Federal Reserve came out with a statement that seem to be a bit ambiguous, so the market really doesn’t know what to think.
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The EUR/GBP pair rallied during the session on Wednesday, but as you can see failed to keep most of the gains, pulling back to form a shooting star.
The NZD/USD pair initially fell during the session on Wednesday, but as you can see ultimately broke higher, clearing the 0.88 level order to break out from significant resistance.
The CAD/JPY pair bounced hard during the session on Wednesday, using the 95 level as work. That being the case, the market looks as if it has respected the previous break out, and that break out has shown that the former resistances now support.
Gold prices ended yesterday’s session higher after minutes of the Federal Reserve’s June policy meeting failed to offer clues on the timing of rate hikes.
BTC/USD has formed a lower-top lower-bottom structure with no signs of a trend reversal as of yet. The momentum has clearly weakened and the price is expected to continue to drift lower.
Get the GBP/USD Forex signal for July 9, 2014 here.
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Get the EUR/USD Forex signal for July 9, 2014 here.
The WTI Crude Oil market went back and forth during the session on Tuesday, testing the $103 level. Because of this, it appears that the market may continue to drift a little bit lower, but most certainly find some type of support below.
The EUR/USD pair pullback initially during the session on Tuesday to finally find support somewhere below the 1.36 handle. The resulting support ended up forming a hammer, and as a result it now looks to me as if the market could head towards the 1.37 level, an area that has been massively resistive previously.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD pair initially rallied during the session on Tuesday, but then spend quite a bit of time falling. Below the 1.71 level, we found plenty of support and bounced yet again form a nice-looking hammer.
The NZD/USD pair broke higher during the session on Tuesday, ultimately testing the 0.88 level which has been massively resistant. Get the full analysis for July 9, 2014 here.
According to the analysis of the EUR/USD and GBP/USD pairs, trader profited on a binary options trading platform. See how here