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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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.
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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.
The USD/CHF pair broke down during the day on Monday, smashing through the 0.89 handle. That level course has been very supportive, but the fact that it gave way during the session on Monday suggests that the market is ready to continue falling.
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The USD/JPY pair fell during the session on Monday, breaking down and heading towards the 101 level. That level courses significant support, and has been since the beginning of the year.
The XAUUSD pair had a positive day as weakness in the U.S. dollar increased investors’ appetite for gold and pushed prices for the precious metal to their highest close in fourteen weeks.
The EUR/USD pair had a bit of a bounce towards the end of June in order to test the 1.3650 area. However, I think that the real significant resistance is closer to the 1.37 handle, and as a result it really doesn’t impress me quite yet.
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The EUR/CAD pair is one that I believe will be fairly interesting during the month of July. After all, on the weekly chart attached to this article, you can see that the 52 week moving average is sitting just below the candle for the end of June.
The GBP/USD pair has had a fairly significant move higher during the month of June. With the attached monthly chart, you can see that we are closing out the month above the 1.70 handle, and that is in fact a fairly big deal.