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
The AUD/USD pair initially fell during the course of the session on Thursday, but found enough support near the 0.7250 region to turn things back around and form a hammer. That hammer of course is a bullish sign but I am choosing to ignore it.
The USD/CAD pair initially tried to rally during the course of the day on Thursday, but found enough resistance of the 1.32 level to turn things back around and form a massive shooting star.
The GBP/CHF pair initially fell during the session on Thursday, breaking down to the 1.50 level. However, you have to keep in mind that large money laced to trade at large, round, psychologically significant numbers.
Top Forex Brokers
The GBP/USD pair fell significantly during the course of the session on Thursday, but found enough support below to turn things back around and form a hammer.
Gold prices hit their highest level in six weeks during today's Asian session as the dollar extended losses on speculations that the Fed will wait beyond September to begin tightening.
Get the NZD/USD Forex signal for August 20, 2015 here.
Get the AUD/USD Forex signal for August 20, 2015 here.
Get the USD/JPY Forex signal for August 20, 2015 here.
Check out the USD/CHF Forex signal for August 20, 2015 here.
Bonuses & Promotions
Get the GBP/USD Forex signal for August 20, 2015 here.
Get the EUR/USD Forex signal for August 20, 2015 here.
Gold prices advanced to their highest levels since July 20 as the dollar tumbled after a reading on consumer-price inflation missed expectations and minutes from the U.S. Federal Reserve's July 28-29 policy meeting dampened expectations for a rate hike in September.
The EUR/USD pair initially fell during the day on Wednesday, but found support just above the 1.10 level as it did on Tuesday. By seeing the support, the market ended up turning back around and rallied much higher.
The WTI Crude Oil markets fell apart during the session on Wednesday, as futures traders sold off the commodity. This of course was aided by a larger than anticipated Crude Oil Inventory build during the session on Wednesday as the US added 2.6 million barrels as opposed to losing 600,000 barrels as anticipated.
The GBP/CHF pair fell hard during the course of the session on Wednesday, crashing towards the 1.51 handle. With this, the market looks as if it is ready to continue to go little bit lower, especially considering that we closed at the very bottom of the range.