Forex Technical Analysis

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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Forex Technical Analysis

USD/CAD Fails to Hold Gains | 12/21/2014 9:24:40 PM

The USD/CAD pair tried to rally during the course of the session on Friday, but as you can see struggled above the 1.16 level. The resulting candle is a shooting star of sorts, and it suggests that the market is in fact going to continue falling from here in order to trying to find some type of support.

Gold is Looking for Direction | 12/21/2014 9:17:15 PM

The XAU/USD pair posted first weekly loss in three weeks and settled at $1195.71 per ounce. A stronger dollar and the rebound in equity markets worldwide drew some investors away from gold.

Weekly Forex Forecast | 12/21/2014 9:13:27 PM

Get the forecast for some of the major Forex currency pairs for the week of December 22, 2014 here.

Forex Forecast: Quant vs Chart Reading | 12/21/2014 8:55:10 AM

Check out the weekly forecast for quant vs chart reading for the week of December 21, 2014 here.

EUR/USD: 2015 Forex Forecast | 12/21/2014 8:32:02 AM

The EUR/USD pair has fallen quite drastically during most of the year for 2014, and although I think it’s still pretty bearish, you can see that I have a blue line on the chart near the 1.2050 region.

GBP/CHF: 2015 Forex Forecast | 12/21/2014 8:25:11 AM

The GBP/CHF pair is one that very sensitive to risk appetite, and with that I feel that you’re going to have to watch the stock markets in general to see whether or not this pair should go higher.

USD/CAD: 2015 Forex Forecast | 12/21/2014 8:21:42 AM

The USD/CAD pair has had a nice run since the middle of 2012, and I believe that it will continue. It’s possible that we might get a little bit of a pullback first, but ultimately I believe that the trend line that I have on the monthly chart is going to hold.

USD/JPY: 2015 Forex Forecast | 12/21/2014 8:18:03 AM

The USD/JPY pair had a massive move higher during the course of the back half of 2014, probably more so than acceptable.

GBP/USD: 2015 Forex Forecast | 12/21/2014 8:15:09 AM

The GBP/USD pair initially tried to rally during 2014, but found the 1.70 level to be a bit too resistive, and then suddenly fell off of a cliff from that point in time.

EUR/USD Continues to Fall | 12/19/2014 8:42:03 AM

The EUR/USD pair fell during the course of the session on Thursday, as the market tested the 1.2250 level. That area as far as I can tell is significant support, and as a result if we break down below there with any type of force, I will start selling the Euro yet again.

USD/NOK Trying to Find Support Below | 12/19/2014 8:36:03 AM

The USD/NOK pair is one that is highly sensitive to the oil markets. That’s because most of the oil rigs in the North Sea are Norwegian.

NZD/CAD Struggles at 50% Fibonacci | 12/19/2014 8:15:43 AM

The NZD/CAD pair had a slightly positive session during the day on Thursday, as we continue to meander around the 0.90 level.

AUD/CAD Continues to Look Very Soft | 12/19/2014 8:03:35 AM

The AUD/CAD pair initially tried to rally during the session on Thursday, but as you can see sold off yet again.

GBP/USD Bounces During Last Session | 12/19/2014 8:00:55 AM

The GBP/USD pair fell initially during the session on Thursday, but turned back around to form a very positive candle. However, we are still well within the consolidation area that we had been in for some time, and as a result I feel that the market will essentially bang around in this area going forward.

Gold Edges Higher but Faces Headwinds | 12/19/2014 7:48:55 AM

Gold prices ended Thursday's session up 0.75%, or $8.88, to settle at $1198.03 an ounce. The XAU/USD pair tested the $1212 level but encountered resistance and dropped back below $1203 once again.