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
Forex Technical Analysis
The EUR/USD pair broke higher during the session on Monday after initially dipping slightly. That being said, I see a significant amount of resistance near the 1.10 level, and as a result I am not necessarily willing to start buying the Euro yet.
The AUD/USD pair initially fell during the session on Monday in order to test the 0.7750 level but found enough support to turn things back around and send the market higher.
The EUR/GBP pair broke higher during the session on Monday, clearing a bit of resistance at the 0.73 handle. Because of this, it appears of the market is ready to continue going higher, but I do have some concerns just above.
Get the AUD/USD Forex signal for March 23, 2015 here.
Get the USD/CAD Forex signal for March 23, 2015 here.
Get the USD/JPY Forex signal for March 23, 2015 here.
Get the GBP/USD Forex signal for March 23, 2015 here.
Get the EUR/USD Forex signal for March 23, 2015 here.
The EUR/USD pair rallied during session on Friday, but as you can see remains well below the 1.10 level. It now looks as if we are ready to continue to grind between the 1.05 level on the bottom, and the 1.10 level on the top.
The NZD/USD pair rallied during the session on Friday, but as you can see slammed into the resistance barrier that I have been paying attention to.
The AUD/USD pair broke hired during the session on Friday, as the US dollar weakened a little bit. However, the market looks as if there is plenty resistance above, and as a result I believe that there will be selling opportunities sooner or later.
The EUR/JPY pair rallied during the session on Friday, but as you can see from above the 130 level. This is an area that of course has been supportive and resistive in the past, so it’s not that big surprise.
The USD/CAD pair fell during the session on Friday, testing the 1.25 region. There is a significant amount of support below, extending all the way down to the 1.24 level, so I believe that it’s only a matter of time before the buyer step back into this marketplace and try to push price higher.
Gold rose for a third straight session on Friday as weakness in the dollar bolstered demand for the precious metal. Gold prices which slumped to a three-month low of $1142.63 earlier in the week got a boost from the Fed's announcement and ended the week up nearly 2.2%.
Get the Forex forecast learning about quant vs chart reading for the week of March 23, 2015 here.