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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Get the NZD/USD Forex signal for August 24, 2015 here.
Get the AUD/USD Forex signal for August 24, 2015 here.
Get the USD/JPY Forex signal for August 24, 2015 here.
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Check out the USD/CHF Forex signal for August 24, 2015 here.
Get the GBP/USD Forex signal for August 24, 2015 here.
Get the EUR/USD Forex signal for August 24, 2015 here.
Gold prices ended the week up nearly 4.1% to settle at $1159.83 an ounce, the highest level since July 14.
The EUR/USD pair initially fell during the course of the session on Friday, but surged rapidly during the day and slammed into the 1.14 region.
The GBP/AUD pair initially fell during the course of the session on Friday, and then turned back around to form a rather supportive looking hammer.
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The USD/SGD pair fell initially during the day on Friday, but as you can see the 1.40 level offered enough support to turn the market back around and form a hammer.
The USD/CAD pair initially fell during the course of the session on Friday, but as you can see found quite a bit of support just above the 1.30 level. Because of this it looks as if the market is ready to continue going higher, and perhaps head towards the 1.35 level given enough time.
Get the Forex forecast for the week of August 24, 2015 using quant vs. chart reading analysis.
Get the weekly Forex forecast for some of the major currency pairs for the week of August 23, 2015 here.
Looking at the EUR/USD pair, we most certainly had a strong session on Thursday. We slammed into the 1.12 level, which of course was the top of the larger consolidation area that we have been working with for some time.
Gold markets rallied again during the session on Thursday, and even broke above the $1150 level. While this looks extraordinarily bullish, the question then remains whether or not the markets can stay this bullish for any real length of time.