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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During the session on Friday, the GBP/USD pair fell significantly. However, we did find a bit of support at the 1.53 level, and ended up forming a hammer for the second day in a row.
The AUD/USD pair fell initially during the course of the day on Friday, but found support just below the closing price in order to form a little bit of a hammer.
The USD/CHF pair initially fell during the course of the session on Friday, but found enough support below to turn the market back around. After all, the 0.96 level is a large, round, psychologically significant number, and of course would attract traders in general.
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The EUR/CAD pair initially tried to rally during the course of the day on Friday, but as you can see fell significantly after trying to do so, and found quite a bit of buying pressure at the 1.50 level.
Gold prices ended the month up roughly 3.5% at approximately $1134 an ounce, benefited from uncertainty posed by China's surprise devaluation of its currency.
Get the weekly Forex forecast using quant vs. chart reading analysis for the week of August 31, 2015 here.
End the month of August 2015 with the weekly Forex forecast for major currency pairs here.
The EUR/USD pair fell during the course of the session on Thursday, testing the 1.12 level. This was an area that has been resistive previously, and now should offer support.
The EUR/JPY pair initially fell during the course of the day on Thursday but found enough support at the 135 level to turn things back around and form a hammer.
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The EUR/CAD pair fell drastically during the course of the session on Thursday, but also the Wednesday session. With that being the case, the market looks as if we are pulling back from some of the overbought conditions that we have seen over the last week or so.
The USD/CAD pair fell during the session on Thursday, dropping below the 1.32 level at one point. This is an area that has been offered a bit of support though, so it’s very likely that this market will bounce from here.
The GBP/AUD pair fell during the course of the session on Thursday, crashing into the 2.15 handle. That is an area that had been previously resistive, and it should now be supportive.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices ended Thursday nearly unchanged as the bulls and bears struggle for near-term control, with neither gaining an edge.
Lately there has been a lot of talk about a bear market in stocks, and whether we have entered one. If you are wondering what a bear market in financial markets means exactly, you are not alone. Learn all about it here.
Let’s review where Apple was before the last quarterly earnings report and analyze the results of the latest earnings release, so that we can get a better feel for where the company is currently heading and how it might perform in the future.