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/JPY pair broke out during the course of the session on Friday, as the jobs number came out much stronger than anticipated. This pair tends to be very sensitive to that particular announcement, so it makes sense that the market rose as money flooded into the United States.
The EUR/JPY pair broke down during the session on Friday, testing the 131.50 level. However, we did bounce from there and ended up forming a rather attractive looking hammer.
The GBP/USD pair broke down during the session on Friday, as the US jobs number was much better than anticipated. This being the case, the market broke down below the vital 1.52 level, and of course the noise and support just below there.
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The USD/CHF pair broke down during the session on Friday, finally clearing the parity level which has been so stubborn for quite some time.
The USD/CAD pair rose during the course of the session on Friday, breaking to a fresh new high at one point during the session.
Gold prices sank nearly 2% on Friday to settle at their lowest level since August 7 as robust U.S. economic data fed expectations that the Federal Reserve could begin altering monetary policy in December.
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Gold prices declined for a seventh straight session on Thursday to settle at their lowest level since mid-September as the prospect of a December rate hike by the Federal Reserve continued to depress the demand for the precious metal.
The EUR/USD pair initially fell during the course of the day on Thursday, but as you can see turned back around to form a nice-looking hammer.
The NZD/USD pair initially tried to rally during the course of the session on Thursday, but turned back around to fall significantly. By doing so, we formed a shooting star that of course is a negative sign.
I believe that the USD/CAD pair has the most likelihood of producing a massive trade on Friday. This is because of course we have the Nonfarm Payroll Numbers coming out of the United States, but we also have Employment Numbers coming out of Canada.
The USD/JPY pair initially rose during the course of the day on Thursday, breaking above the 122 handle. However, we ended up finding enough resistance above there to turn the market back around and form a shooting star.
Get today's NZD/USD Forex signal for November 5, 2015 here.