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.
Most Recent
Get the GBP/USD Forex signal for October 12, 2015 here.
Get the EUR/USD Forex signal for October 12, 2015 here.
The EUR/USD pair broke higher during the course of the session on Friday, clearing the top of the shooting star from the Thursday session.
Top Forex Brokers
The NZD/CAD pair broke higher during the course of the session on Friday, but turned back around near the 0.87 level to form a shooting star.
The USD/CAD pair fell during the course of the session on Friday, but found enough support below to turn things back around and form a hammer.
Gold prices settled at $1156.47 per ounce, rising nearly 1.7% over the course of the week, on speculation that a U.S. rate hike may take longer than expected.
Check out the weekly Forex forecast using quant vs. chart reading analysis for the week of October 12, 2015 here.
Get the Forex forecast for the major currency pairs here for the week of October 12, 2015.
Gold edged higher on Friday, recovering a portion of the previous day’s losses, after minutes from the Federal Reserve's latest meeting cast further doubt on the central bank's plans to raise rates in the coming months.
Bonuses & Promotions
The EUR/USD pair went back and forth during the course of the session on Thursday, showing volatility yet again. We simply cannot do anything with this market right now, as it has been bouncing around in a relatively tight range.
The USD/CAD pair fell during the course of the session on Thursday, as we continue to test the 1.30 level. This is an area that I’ve been paying attention to for quite some time as it was where the uptrend during the financial crisis stopped abruptly.
The NZD/JPY pair broke higher during the course of the session on Thursday, testing the top of the shooting star from Wednesday.
The NZD/USD pair broke higher during the course of the session on Thursday, testing the top of the shooting star that formed during the Wednesday session.
The EUR/CAD pair went back and forth during the course of the session on Thursday, bouncing around just below the 1.4750 level. The 1.4750 level was once supportive, but it should now be resistive.
Get the NZD/USD Forex signal for October 8, 2015 here.