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 EUR/AUD pair is in one that a lot of you will trade, which is a mistake quite frankly as they are both major currencies. Everybody knows of the Euro has been selling off drastically lately, so it’s not a surprise to see it falling against the Australian dollar as well.
The AUD/CHF pair fell during the day on Wednesday, breaking the back of two hammers from the previous sessions. However, you can see that the shooting star that was formed last week has proved itself to be true, as the market pullback.
According to the analysis of the USD/NOK pair, trader profited on a binary options trading platform. See how here
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BTC/USD on the hourly charts broke below the triangle support line in a volatile trading session yesterday. BTC/USD tried breaking above the resistance zone within the triangle but found considerable amount of selling pressure at higher levels.
Gold prices fell 0.38% on Tuesday, extending their losses to a second straight session, on expectations the U.S. Federal Reserve will slightly upgrade its economic outlook.
The WTI Crude Oil markets initially fell during the day on Tuesday, but as you can see found enough support to bounce and form a bit of a hammer. With that hammer, it appears that we are going to go higher again.
The EUR/USD pair fell yet again during the session on Tuesday, this time crashing into the 1.34 region. Get the full analysis for July 30, 2014 here.
The NZD/USD pair fell during the course of the day on Tuesday, slamming into the 0.85 handle. Not only that, but we broke the back of the candle that had formed for Monday, which of course was a supportive looking hammer.
The US Dollar Index rose during the session on Tuesday, using the 81 handle as a bit of a springboard to go higher. As you can see on the chart, I have drawn a “neckline” in this potential inverted head and shoulders pattern.
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The USD/NOK pair broke higher during the session on Tuesday, just as I suspected that it very well could have in yesterday’s column. Get the analysis for July 30, 2014 here.
According to the analysis of the EUR/CHF and crude oil, trader profited on a binary options trading platform. See how here
After breaking from the near-month long narrow trading range, BTC/USD has formed a triangle formation and is trading within a new range. Get the Bitcoin outlook for July 29, 2014 here.
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Our total trading profits for June totaled 175 pips as three trades were closed for a profit of 625 pips while three trades were closed for a loss of 450 pips. Get the updates here.
The WTI Crude Oil markets fell during the course of the day on Monday, but for the second session on a road found enough support at the $101 level to turn things back around and form a hammer.