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 silver markets had an absolutely explosive session on Thursday, slicing through the $20 level like it wasn’t even there. That area has been rather resistive, but recently I have been pointing out that it appears the market is trying to build up enough momentum to breakout.
The EUR/USD pair rallied during the majority the session on Thursday, but found the 1.36 level to be a bit resistive, and pull back from the highs in order to form a fairly nice-looking shooting star.
The AUD/USD pair initially shot higher during the day on Thursday, but found enough resistance above at the 0.9450 area to turn things back around and form a shooting star.
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The XAU/USD pair closed yesterday’s session higher than opening after two consecutive days of losses. Gold strengthened against the American dollar after the U.S. Federal Reserve said that it will keep rates low for considerable time.
The WTI Crude Oil markets fell during the session on Wednesday, as we continue to drop in value. However, the $105 level below should continue to be supportive as it was the resistance from the top of the ascending triangle, which should now offer buyers as the market has clearly shown itself to be bullish.
The silver markets initially fell during the session on Wednesday, but as you can see found the hammer from the Tuesday session supportive enough to push the market higher. Get the full Silver analysis for June 19, 2014 here.
The EUR/USD pair rose during the course of the session on Wednesday, as the Federal Reserve looks set to continue with low rates for the near-term. Get the full analysis for June 19, 2014 here.
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The NZD/USD pair broke higher during the session on Wednesday, breaking above the recent and extraordinarily tight consolidation area that we have been in. This represents real strength reentering the market, and that means that we should ultimately breakout above the 0.8750 level.
Check out the USD/JPY Forex signal for June 19, 2014 here.
Check out the GBP/USD Forex signal for June 19, 2014 here.
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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
Get the analysis for bitcoin- BTC/USD for June 18, 2014 here.