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 Gold markets went back and forth during the trading session on Friday as we continue to see a lot of noise out there.
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The Euro continues to struggle overall, but at this point I think it’s probably going to continue more of the sideways move than anything else in the short term.
The Australian dollar has rallied quite significantly during the month of August against the New Zealand dollar, essentially forming what could be thought of as a “double bottom” in the market near the 1.0250 NZD level.
The US dollar has been wilting against the Japanese yen for some time, starting the latest push lower at the end of the July month.
The US dollar has been rising against the Canadian dollar over the last month or so, reaching towards higher levels in what has been very choppy trading action.
The US dollar has rallied quite significantly against the Mexican peso for some time and looking at the weekly chart you can see that we have been grinding higher for a couple of years.
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The NASDAQ 100 has rallied quite significantly during the trading session on Thursday, reaching above the 50 day EMA late during the session.
The Australian dollar has initially tried to rally during the day on Thursday but the later in the day we get, the less risk appetite there seems to be around the world.
The US dollar has rallied significantly after falling against the Japanese yen on Thursday due to headlines suggesting that the Chinese weren’t going to retaliate against the Americans and the tariff war.
The British pound has initially tried to rally during the trading session on Thursday but then sold off as we got close to the 1.2250 level.
The Euro initially tried to rally during the trading session on Thursday, but then broke down yet again as we continue to grind lower.
Gold markets fell rather hard during the trading session on Thursday, breaking down from the $1550 level.