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 weekly Forex signal for the NZD/USD pair for June 24, 2014 here.
According to the analysis of the EUR/USD and crude oil, trader profited on a binary options trading platform. See how here
Get the USD/JPY Forex Signal for June 23, 2014 here.
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Get the EUR/USD Forex signal for June 23, 2014 here.
Get the Forex signal for the GBP/USD pair for June 23, 2014 here.
Get the full Bitcoin/USD analysis for June 23, 2014 here.
Gold prices rose %2.9 over the course of the week and settled at $1313.93 an ounce on Friday. It appears that the Fed’s dovish stance, a gas dispute between Russia and Ukraine and mounting tension in the Middle East lured investors back into the market.
The WTI Crude Oil markets had a good showing on Friday, breaking above the top of the hammer that had formed on Thursday. This is a classic buy signal in the technical analysis sense, thereby sending plenty of buyers into the marketplace at that point.
The EUR/USD pair went back and forth on Friday, ultimately settling on a slightly negative candle. That being the case, the market should continue to meander around this general vicinity, an area that this market has been attracted to for some time now.
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The USD/CAD pair fell hard during the session on Friday, breaking below the 1.08 level. This was an area that I thought was going to hold as support, and since we are broken down below it, I believe that this is a fairly significant signal at this point.
The USD/JPY pair tried to rally during the session on Friday, but as you can see it really didn’t gain any significant traction. The market seems to be essentially stuck in this general vicinity, as the 102 level seems to be essentially “fair value.”
Get the weekly forecast for some of the major currency pairs for June 23, 2014 here.
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Gold prices rose for a second straight session on Thursday and reached their highest level since April 15 as weakness in the American dollar and intensifying unrest from Iraq to Ukraine buoyed the metal’s safe-haven appeal.
The WTI Crude Oil markets fell during most of the session after initially gapping higher on Thursday. The market bounced off of the $105 level, which of course was the site of a massive breakout from the ascending triangle, and with that I feel that the market bouncing from here and forming a hammer suggests that we will continue to go higher.