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 EUR/USD Forex signal for August 17, 2015 here.
The EUR/USD pair initially tried to rally during the course of the day on Friday but found the 1.12 level be a bit too resistive. Because of this, it looks like we’re going to continue the overall consolidation that we have been in for some time.
The EUR/GBP pair initially tried to rally during the session on Friday but drifted a bit lower. In fact, we broke down below the bottom of the hammer from the Thursday session which of course is a somewhat negative sign, and as a result I believe that this market will continue to go lower.
Top Forex Brokers
The USD/CAD pair initially fell during the course of the session on Friday, but found enough support near the 1.30 level to turn things back around and bounce significantly.
The AUD/USD pair tried to rally a little bit during the session on Friday, but quite frankly failed to impress. After all, we could not hang onto much in the way of gains, it appears now that the market is starting to see a real lack of interest to the upside.
The NZD/USD pair tried to rally during the session on Friday, but struggled to hang onto the gains. The market is currently sitting on top of the 0.65 level.
Gold prices settled at $1115.06 per ounce, gaining nearly 1.9% over the course of the week, as increasing demand for protection against volatility in global equities markets lured some buyers back into the market.
Get the weekly Forex forecast using quant vs. chart reading analysis for the week of August 17, 2015 here.
Get the Forex forecast for the week of August 16, 2015 here.
Bonuses & Promotions
The EUR/USD pair initially fell during the session on Thursday, as the 1.1080 level offered support. The market has been very choppy overall, and I think that there is a real chance of this continuing.
The NZD/CAD pair initially tried to fall during the session on Thursday, but found enough support to turn things back around to form a hammer.
The EUR/JPY pair initially fell during the course of the session on Thursday, but found enough buying pressure near the 138 level to turn things back around and form a hammer.
The GBP/USD pair initially fell during the course of the day on Thursday, but found enough support at the 1.5550 level to turn things back around and form a hammer.
The USD/CAD pair bounced off of the area just below the 1.30 level, so now looks as if the market is ready go higher. We have made a “higher low” now, and if we can continue to go higher and break above the top of the range we should continue to see this market go higher.
The GBP/JPY pair went back and forth during the course of the session on Thursday, bouncing just around the 195 handle. We are just below there though, so the market is trying to build up momentum in my opinion to break out finally.