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 GBP/USD Forex signal for August 11, 2014 here.
Get the EUR/USD Forex signal for August 11, 2014 here.
The XAU/USD pair initially rallied during the session on Friday -after the U.S. launched an air strike against militants in Iraq- but pulled back as sellers stepped in around the key resistance level of $1324. U.S. stocks also rose, giving less reason for investors to buy gold, on news that Russia was ending military drills near the Ukrainian border.
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The EUR/USD pair found support during the day on Friday near the 1.33508 handle, and then bounced in order to form a fairly positive candle.
The EUR/GBP pair rose during the course of the session on Friday, breaking higher and heading to the 0.80 level. This is an area of significant resistance as far as I can see, and as a result I think that buying here is going to be difficult as the market has a significant amount of resistance all the way to the 0.8050 level.
Get the weekly forecast for the major Forex pairs for the week of August 11, 2014 here.
BTC/USD on the hourly charts has shown some momentum on the upside. It has resistance at $595 which is downward sloping trend line.
Gold prices rose for a second straight session on Thursday to settle at their highest level in thirteen days as the conditions in the marketplace increased desire for safe haven diversification.
After the volatility of last week, things settled back to much of July’s pattern, with BTC/USD on the hourly charts continued trading in a very narrow trading range as traders and investors still try to grapple with the future direction for the digital currency.
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Gold gained ground against the American dollar during Wednesday's session as the prospect of Russian military aggression on Ukrainian territory bolstered the precious metal's safe haven appeal.
The WTI Crude Oil markets initially tried to rally during the session on Wednesday, testing the $98.00 level and finding a significant amount of resistance.
The EUR/USD pair fell during the bulk of the session on Wednesday, but as you can see we ended up finding a significant amount of support below the 1.3350 level, and bounce far enough to form a hammer.
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Sign up to get the latest market updates and free signals directly to your inbox.The CAD/JPY pair initially fell during the course of the day on Wednesday, but as you can tell the 93.20 level offered enough support to turn things back around and form a nice-looking hammer.
Get the Forex signal for the GBP/USD pair for August 7, 2014 here.
Get the EUR/USD Forex signal for August 7, 2014 here.