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 NZD/USD Forex Signal for November 12, 2015 here.
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Check out the USD/CAD Forex signal for November 12, 2015 here.
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Get the EUR/USD Forex signal for November 12, 2015 here.
The EUR/USD pair initially fell during the course of the session on Wednesday, but bounced enough to form a little bit of a hammer. The hammer of course is a bullish sign but I do not pay too much attention to it.
The USD/MXN pair fell initially during the course of the day on Wednesday, but turned back around near the 16.72 handle.
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The NZD/USD pair fell slightly during the course of the session on Wednesday, as we continue to see quite a bit of volatility in this area. I still see the 0.65 level as support, but with the 0.66 level above is resistance.
The NZD/CHF pair did very little during the course of the session on Wednesday, as we continue to find buyers just below. After all, the 0.65 level is a large, round, psychologically significant number, and with that it would of course attract a lot of traders.
The EUR/CHF pair initially fell during the course of the day on Wednesday, but turned back around to form a hammer yet again. This is the third session in a row that we have seen this, and as a result I believe that this market is essentially forming a “floor” at this level.
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Sign up to get the latest market updates and free signals directly to your inbox.The NZD/JPY pair fell during the session on Wednesday, as we continue to go back and forth in the same general vicinity. The 80 handle just below is massively supportive, as we have seen over the last several weeks.
Gold prices ended Wednesday's session down $3.30, to settle at $1086.29 an ounce as speculation that the U.S. Federal Reserve was on track to hike interest rates at its December policy meeting, unless the economic data deteriorates significantly, weighed on the market.
Get the NZD/USD Forex Signal for November 11, 2015 here.