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 AUD/NZD pair fell rather hard during the course of the session on Monday, as the markets continue to chop.
Gold prices edged slightly higher on Monday, helped by weaker-than-anticipated U.S. manufacturing data and concerns over the implications of China's currency devaluation, ending the day at $1117.31 an ounce.
Get the NZD/USD Forex signal for August 17, 2015 here.
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Check out the AUD/USD Forex signal for August 17, 2015 here.
Get the USD/JPY Forex signal for August 17, 2015 here.
Get the USD/CHF Forex signal for August 17, 2015 here.
Get the GBP/USD Forex signal for August 17, 2015 here.
Get the EUR/USD Forex signal for August 17, 2015 here.
The EUR/USD pair initially tried to rally during the course of the day on Friday but found the 1.12 level be a bit too resistive. Because of this, it looks like we’re going to continue the overall consolidation that we have been in for some time.
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The EUR/GBP pair initially tried to rally during the session on Friday but drifted a bit lower. In fact, we broke down below the bottom of the hammer from the Thursday session which of course is a somewhat negative sign, and as a result I believe that this market will continue to go lower.
The USD/CAD pair initially fell during the course of the session on Friday, but found enough support near the 1.30 level to turn things back around and bounce significantly.
The AUD/USD pair tried to rally a little bit during the session on Friday, but quite frankly failed to impress. After all, we could not hang onto much in the way of gains, it appears now that the market is starting to see a real lack of interest to the upside.
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Sign up to get the latest market updates and free signals directly to your inbox.The NZD/USD pair tried to rally during the session on Friday, but struggled to hang onto the gains. The market is currently sitting on top of the 0.65 level.
Gold prices settled at $1115.06 per ounce, gaining nearly 1.9% over the course of the week, as increasing demand for protection against volatility in global equities markets lured some buyers back into the market.
Get the weekly Forex forecast using quant vs. chart reading analysis for the week of August 17, 2015 here.