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 USD/CAD pair initially tried to rally during the course of the day on Friday, but as you can see we fell back down and formed a shooting star.
The EUR/NZD pair fell during the session on Friday, as we continue to hang around the 1.58 level. The Euro itself is in trouble overall, but then again so is the New Zealand dollar.
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The XAU/USD pair extended its losses on technical selling and growing perception that the U.S. Federal Reserve is looking to withdraw policies that have been in place for years.
The WTI Crude Oil market had a fairly positive session during the day on Thursday as you can see, using the $92.50 level as support. The candle is a bit of a hammer, and it does suggest a perhaps a bounce is imminent.
The EUR/USD pair fell initially during the session on Thursday, testing the 1.3250 level, and finding support there. This support cause the market to bounce and form a hammer, which of course is a fairly bullish sign.
The EUR/GBP pair had a positive session on Thursday, as we broke back above the 0.80 level again. However, it appears that we are essentially grinding away just below the 0.8030 level, and as a result were trying to build up enough momentum to break out to the upside.
The NZD/USD pair initially fell during the session on Thursday, but as you can see found enough support at the 0.8350 level to turn things back around and form a nice-looking hammer.
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Gold lost ground against the American dollar for a fourth consecutive session on Wednesday after the minutes from the Federal Open Market Committee's July policy meeting showed that officials are willing to tighten policy in response to the economic data.
The WTI Crude Oil market try to rally slightly during the session but as you can see we remain very weak in this market. With that, I believe that the market should continue to fall, as there simply is nothing to hold the market off.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY pair as you can see broke out during the course of the day on Wednesday, slamming right through the 103 level, an area that had been so resistive.
The EUR/USD pair broke down during the day on Wednesday, as the FMOC minutes were released from the last meeting, suggesting that there were perhaps more bullish members than originally thought.
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