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 EUR/USD Forex signal for August 5, 2015 here.
The USD/JPY pair initially fell during the course of the day on Tuesday, but found support below the 124 level yet again. By doing so, we ended up forming a fairly positive looking candle that essentially is the same thing as a hammer.
The NZD/USD pair initially tried to rally during the course of the day on Tuesday, but turned back around at the 0.6650 level to fall significantly and form a shooting star.
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The USD/CHF pair initially fell during the course of the session on Tuesday, but found enough buyers underneath in order to turn the market back around and surge higher. By doing so, we tested the 0.98 level, which was my first target.
Gold prices ended nearly flat on Tuesday as some investors moved to the sidelines ahead of Friday's monthly jobs report.
Get the USD/CHF Forex signal for August 4, 2015 here.
Get the GBP/USD Forex signal for August 4, 2015 here.
Get the EUR/USD Forex signal for August 4, 2015 here.
The gold market started the month on the back foot, reflecting sustained pressure on prices, as the conditions in the marketplace gave investors few reasons to invest in the precious metal.
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Get the USD/CHF Forex signal for August 3, 2015 here.
Get the GBP/USD Forex signal for August 3, 2015 here.
Check out the EUR/USD Forex signal for August 3, 2015 here.
The EUR/USD pair initially tried to rally during the course of the session on Friday, but as you can see struggled as the 1.11 level offered far too much resistance. By doing so, the market looks as if the sellers took control late in the day, as the market pushed below the 1.10 handle.
The GBP/CAD pair rose during the session on Friday, breaking out above the recent consolidation barrier. Because of this, it now appears that the market is ready to go to the 2.05 level, which of course is more than obviously a large, round, psychologically significant number for the markets to focus on.
Gold prices ended the month down roughly 6.7% at approximately $1095 an ounce, weighed by speculations that the U.S. Federal Reserve adopts a gradual pace of tightening this year.