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/AUD pair initially fell during the course of the session on Friday, and then turned back around to form a rather supportive looking hammer.
The USD/SGD pair fell initially during the day on Friday, but as you can see the 1.40 level offered enough support to turn the market back around and form a hammer.
The USD/CAD pair initially fell during the course of the session on Friday, but as you can see found quite a bit of support just above the 1.30 level. Because of this it looks as if the market is ready to continue going higher, and perhaps head towards the 1.35 level given enough time.
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Looking at the EUR/USD pair, we most certainly had a strong session on Thursday. We slammed into the 1.12 level, which of course was the top of the larger consolidation area that we have been working with for some time.
Gold markets rallied again during the session on Thursday, and even broke above the $1150 level. While this looks extraordinarily bullish, the question then remains whether or not the markets can stay this bullish for any real length of time.
The AUD/USD pair initially fell during the course of the session on Thursday, but found enough support near the 0.7250 region to turn things back around and form a hammer. That hammer of course is a bullish sign but I am choosing to ignore it.
The USD/CAD pair initially tried to rally during the course of the day on Thursday, but found enough resistance of the 1.32 level to turn things back around and form a massive shooting star.
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The GBP/CHF pair initially fell during the session on Thursday, breaking down to the 1.50 level. However, you have to keep in mind that large money laced to trade at large, round, psychologically significant numbers.
The GBP/USD pair fell significantly during the course of the session on Thursday, but found enough support below to turn things back around and form a hammer.
Gold prices hit their highest level in six weeks during today's Asian session as the dollar extended losses on speculations that the Fed will wait beyond September to begin tightening.
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