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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Check out the USD/CHF Forex signal for August 20, 2015 here.
Get the GBP/USD Forex signal for August 20, 2015 here.
Get the EUR/USD Forex signal for August 20, 2015 here.
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Gold prices advanced to their highest levels since July 20 as the dollar tumbled after a reading on consumer-price inflation missed expectations and minutes from the U.S. Federal Reserve's July 28-29 policy meeting dampened expectations for a rate hike in September.
The EUR/USD pair initially fell during the day on Wednesday, but found support just above the 1.10 level as it did on Tuesday. By seeing the support, the market ended up turning back around and rallied much higher.
The WTI Crude Oil markets fell apart during the session on Wednesday, as futures traders sold off the commodity. This of course was aided by a larger than anticipated Crude Oil Inventory build during the session on Wednesday as the US added 2.6 million barrels as opposed to losing 600,000 barrels as anticipated.
The GBP/CHF pair fell hard during the course of the session on Wednesday, crashing towards the 1.51 handle. With this, the market looks as if it is ready to continue to go little bit lower, especially considering that we closed at the very bottom of the range.
The USD/JPY pair fell fairly significantly during the session on Wednesday, as the markets rollover towards the 123.50 handle.
The EUR/CHF pair fell during the day on Wednesday, as we continued to grind well below the 1.08 level. We tested the 1.07 level for support, found it and bounced slightly during the session
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The USD/CAD pair initially rose during the course of the session on Wednesday, but found far too much in the way of resistance above.
Get the GBP/USD Forex signal for August 19, 2015 here.
Check out the EUR/USD Forex signal for August 19, 2015 here.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/CHF pair went back and forth during the course of the session on Tuesday, bringing up against the 0.98 level.
The EUR/GBP pair fell during the Tuesday session, breaking the bottom of the hammer from the Monday session. Because of this, I believe that we will see this market continue to go lower, but I’m not foolish enough to believe that it’s going to be easy going.
The USD/CAD pair initially tried to rally during the course of the day on Tuesday, but as you can see it continues to struggle near the 1.31 handle. Because of this, we ended up forming a shooting star for the day.