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 fell fairly significantly during the session on Wednesday, as the markets rollover towards the 123.50 handle.
The EUR/CHF pair fell during the day on Wednesday, as we continued to grind well below the 1.08 level. We tested the 1.07 level for support, found it and bounced slightly during the session
The USD/CAD pair initially rose during the course of the session on Wednesday, but found far too much in the way of resistance above.
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Get the GBP/USD Forex signal for August 19, 2015 here.
Check out the EUR/USD Forex signal for August 19, 2015 here.
The USD/CHF pair went back and forth during the course of the session on Tuesday, bringing up against the 0.98 level.
The EUR/GBP pair fell during the Tuesday session, breaking the bottom of the hammer from the Monday session. Because of this, I believe that we will see this market continue to go lower, but I’m not foolish enough to believe that it’s going to be easy going.
The USD/CAD pair initially tried to rally during the course of the day on Tuesday, but as you can see it continues to struggle near the 1.31 handle. Because of this, we ended up forming a shooting star for the day.
The USD/JPY pair initially fell during the course of the session on Tuesday, but found enough support just below the current level to turn things back around and form a hammer.
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The GBP/USD pair broke higher during the course of the session on Tuesday, clearing the 1.57 level at one point during the day.
The NZD/USD pair initially fell during the course of the session on Tuesday, but as you can see found enough support to turn things back around and form a hammer.
Gold prices ended Tuesday's session nearly unchanged after shuffling between gains and losses, as investors took a cautious stance ahead of the release of minutes of the Federal Reserve's latest policy meeting and inflation data.
Get the NZD/USD Forex signal for August 18, 2015 here.
Get the USD/JPY Forex signal for August 18, 2015 here.
Get the AUD/USD Forex signal for August 18, 2015 here.