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.
Forex Technical Analysis
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Forex Technical Analysis
Get the GBP/USD Forex signal for November 2, 2015 here.
Check out the EUR/USD Forex signal for November 2, 2015 here.
Gold prices fell for a second consecutive week but still ended the month with a gain of nearly 2.5%. Get the November 2015 monthly forecast for gold here.
The EUR/USD pair rose during the course of the day on Friday testing the 1.11 level, but struggled to keep the gains that had formed.
The GBP/USD pair shot higher during the course of the session on Friday, as we attempted to test the 1.55 level. This is an area that has been rather resistive lately, and having said that, it’s not a huge surprise that the markets struggled to get above there.
The AUD/USD pair initially fell during the course of the day on Friday, but found enough support near the 0.71 level to turn things back around and form a rather significant hammer.
Check out our newest trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of November 1, 2015 here.
Check out the Forex forecast using quant vs. chart reading analysis for the week of November 2, 2015 here.
Start the new month of November 2015 with the weekly Forex forecast for major currency pairs like the EUR/USD, EUR/CAD, USD/CAD and GBP/USD here.
The EUR/USD pair has recently fallen in response to the European Central Bank suggesting further stimulus could be coming. This being the case, at the time of writing we are testing the bottom of a potential ascending triangle.
The USD/NOK pair continues to show real strength overall, as we are reaching towards the highs again at the 80.57 region. Get the November 2015 forecast for the USD/NOK pair here.
The GBP/AUD pair had a very volatile October, essentially ending where we started though. With that being the case, the market looks as if it is ready to go higher given enough time and we do have a very strong trend line well below current trading.
The USD/JPY pair did almost nothing during the month of October, as we continue to be attracted to the 120 handle. Get our November 2015 monthly forecast for the USD/JPY pair here.
The USD/CAD pair has had a relatively volatile October, reaching all the way down towards the 1.28 handle. With this, it appears that the market has pulled back just a bit in order to find support.
During the session on Thursday, the EUR/USD pair bounced enough to show that there is indeed support at the uptrend line that had continued to push this market higher and form an ascending triangle on the longer-term charts.