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.
The USD/CAD pair fell during the course of the session on Monday, pulling back to the 1.09 level. This area was the site of a recent breakout, and as a result I believe that we will more than likely see support in this general vicinity.
Check out the GBP/USD Forex signal for June 10, 2014 here.
Check out the EUR/USD Forex signal for June 10, 2014 here.
Get the Forex signal for the USD/JPY pair for June 10, 2014 here.
Check out the USD/JPY Forex signal for June 9, 2014
Check out the EUR/USD Forex signal for June 9, 2014
Check out the GBP/USD Forex signal for June 9, 2014
Despite Friday’s decline, the XAU/USD pair posted first weekly gain in two weeks as the market formed a temporary floor just above the 1240 level. U.S. data released last week were not as strong as hoped but were more or less in line with market expectations.
The EUR/USD pair did very little during the session on Friday after the nonfarm payroll numbers came out of the United States. The addition of 217,000 jobs wasn’t really enough to excite the market one way or the other, and as a result the Euro did very little.
The USD/CAD pair went back and forth during the course of the session on Friday, ultimately settling on a slightly positive candle. Get the full analysis for June 9, 2014 here.
The GBP/USD pair tried to rally during the session on Friday, but found enough resistance at the 1.68 level to pull back and form a shooting star. With that, it feels like the market is ready to pull back significantly, perhaps heading to the 1.67 level.
The NZD/USD pair initially rallied during the session on Friday, but as you can see struggled to get above the 0.85 level with any gusto or significance. The resulting pullback formed a massive shooting star, and I now believe that this pair may be showing us that it wants to go lower.
The USD/JPY pair initially fell during the course of the session on Friday, but found enough support down near the 102 level to bounce and form a massive hammer. Get the full analysis for June 9, 2014 here.
Get the Forex forecast for some of the major currency pairs for the week of June 8, 2014 here.
Gold prices (XAU/USD) settled higher on Thursday as comments from ECB President Mario Draghi helped provide a lift to gold. The European Central Bank cut all three main rates yesterday and announced a new liquidity program designed to support lending.
