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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Let’s analyze what we expected from Facebook prior to their 2nd quarter earnings report and what eventually transpired. This way, we can get a better read on how the company might perform moving forward, throughout the third quarter, and up to the release of their third-quarter earnings statements.
Get the NZD/USD Forex signal for August 27, 2015 here.
Get the AUD/USD Forex signal for August 27, 2015 here.
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Get the USD/JPY Forex signal for August 27, 2015 here.
Check out the USD/CHF Forex signal for August 27, 2015 here.
Check out the GBP/USD Forex signal for August 27, 2015 here.
Check out the EUR/USD Forex signal for August 27, 2015 here.
Gold prices extended their losses on Wednesday as the dollar strengthened and signs of stabilization in the risk environment dulled the metal’s safe-haven appeal.
The GBP/CHF pair has been going sideways for the last couple of sessions, and while that normally wouldn’t catch my attention I cannot help but notice that the 200 day exponential moving average is sitting right where we are.
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The USD/SGD pair initially tried to break down below the 1.40 level during the day on Wednesday, but as you can see we broke higher.
The USD/CAD pair fell during the course of the day on Wednesday, but found support yet again down near the 1.32 handle. By doing so, we bounced and formed a nice-looking hammer, which of course is a bullish sign.
The USD/CHF pair rose during the course of the day on Wednesday, testing the 0.95 handle. This is an area that has been both supportive and resistance in the past, so it makes complete sense that there should be some type of reaction as we approach this level.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/JPY pair fell significantly during the session on Wednesday, as the Euro itself sold off around the world. This is a pair that is highly influenced by risk aversion, and risk appetite. With that, it makes sense if the pair continues to drift a little bit lower but we are starting to come near a floor in my opinion.
Get the NZD/USD Forex signal for August 26, 2015 here.
Get the AUD/USD Forex signal for August 26, 2015 here.