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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Check out the USD/CHF Forex signal for August 18, 2015 here.
Check out the GBP/USD Forex signal for August 18, 2015 here.
Get the EUR/USD Forex signal for August 18, 2015 here.
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Looking at the EUR/USD pair, you can see that we went back and forth during the course of the day on Monday, initially trying to rally but struggled at the 1.1125 level, and then fell enough to form a shooting star.
The GBP/USD pair initially tried to rally during the course of the day on Monday, but found the area near the 1.57 level to be a bit too resistive to continue going forward.
The AUD/USD pair initially fell during the course of the session on Monday, but did find a little bit of support near the 0.7350 level. At this point in time we bounced enough to form a hammer of sorts, which means that there are buyers.
The USD/SEK pair initially fell during the course of the session on Monday, but found enough support near the 8.50 level to turn things back around and form a hammer.
The EUR/CHF pair initially fell during the course of the session on Monday, testing the 1.08 handle. That being the case, the market bounced enough to form a hammer, and that of course looks like it’s ready to go higher.
The AUD/NZD pair fell rather hard during the course of the session on Monday, as the markets continue to chop.
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Gold prices edged slightly higher on Monday, helped by weaker-than-anticipated U.S. manufacturing data and concerns over the implications of China's currency devaluation, ending the day at $1117.31 an ounce.
Get the NZD/USD Forex signal for August 17, 2015 here.
Check out the AUD/USD Forex signal for August 17, 2015 here.
Get the USD/JPY Forex signal for August 17, 2015 here.
Get the USD/CHF Forex signal for August 17, 2015 here.
Get the GBP/USD Forex signal for August 17, 2015 here.