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 GBP/USD pair fell slightly during the course of the day on Wednesday, which of course makes quite a bit of sense as we had reached a bit of an overbought condition.
The EUR/CHF pair initially fell during the course of the session on Wednesday, but found enough support below to turn things back around and bounce massively.
Gold prices ended Wednesday's session down 1.23% after a breach of the key support level at 1116 triggered a sell-off.
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The EUR/USD pair found support again during the session on Tuesday as we initially fell. However, we bounced enough to form a nice-looking hammer, and that of course is a very bullish sign.
The EUR/CAD pair fell during the day on Tuesday, but found support at the 1.4750 level. Because of this, I believe that this market will find buyers here soon, and as a result it’s only a matter of time before it pulls back towards the 1.50 level.
The USD/JPY pair rose during the course of the session on Tuesday, breaking above the 120 level at one point in time.
The GBP/USD pair rose during the course of the session on Tuesday, breaking towards the 1.54 level. This is an area that has been supportive in the past, so it should now start to offer resistance.
The USD/CAD pair fell during the course of the day on Tuesday, testing the 1.32 level.
Gold prices edged slightly higher on Tuesday, snapping a four-day losing streak, as a retreat in the dollar sparked some short-side profit taking.
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The EUR/USD pair initially fell during the course of the day on Monday, but keep in mind that it was Labor Day in the United States. This of course meant that most of the trading was done early in the day, and that the American simply did not have anything to say about the marketplace.
The USD/CAD pair initially tried to fall during the session on Monday, and what would’ve been very illiquid trading.
The USD/MXN pair rose during the session on Monday, as the markets continue to favor the US dollar in general.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD pair bounced during the session on Monday, using the 1.52 level as a bit of a springboard.
Gold started the week off on a sour note, extending its losses to a fourth straight session and hitting its lowest levels since August 18, as uncertainty about when the U.S. Federal Reserve may hike interest rates continued to weigh on the market.
Start the new month of September 2015 with the weekly Forex forecast for major pairs here.