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 Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
The SGD/CHF pair is one that I like to follow to get a grasp on risk appetite around the world. After all, the Singapore dollar is considered to be an emerging market currency, and a way to play Asian growth.
The USD/CAD pair fell initially during the session on Monday, testing the 1.1150 region. However, we managed to turn things back around and bounce enough to form a nice-looking hammer.
The EUR/GBP pair initially tried to rally during the course of the day on Monday, but as you can see pullback in order to form a significant looking shooting star. The shooting star sits just above the 0.78 level, which has been supportive recently.
Get the USD/CAD weekly Forex signal for September 30, 2014 here.
Gold prices suffered a monthly loss of nearly 5.5% as a rally in the U.S. dollar and gains in the major stock markets dulled the precious metal's attractiveness.
Despite Friday's bearish price action, gold prices ended the week slightly higher and settled at $1217.66 an ounce. The major focus of the last trading day of the week was encouraging economic data out of the world's biggest economy.
BTC/USD on the daily charts has been unable to build on its gains that it had seen a couple of days ago. It has re-entered into a downtrend and currently trades in a broad trading range with resistance on the upside at $459 and support at lower levels at $369.
The EUR/USD pair fell hard during the course of the day on Friday, breaking the bottom of the hammer from the session on Thursday. Because of that, it appears the market is ready to continue going much lower, heading to the 1.25 level first in my opinion.
The USD/JPY pair rose during the course of the day on Friday, testing the 109.50 region. That being the case, it appears that the market is still trying to build up enough momentum to break out to the upside.
The USD/CAD pair initially fell during the course of the day on Friday, but as you can see ended up going higher during the day. The 1.1150 level was broken above, but it seemed to offer little bit of resistance before the end of the day came.
Check out the GBP/USD Forex signal for September 29, 2014 here.
Check out the USD/JPY Forex signal for September 29, 2014 here.
Check out the EUR/USD Forex signal for September 29, 2014
The GBP/USD pair initially tried to rally during the session on Friday, but turned back around to break below the 1.63 handle. However, I see the 1.6250 level as the area that we need to pay attention to the most, as it is the area that the market gapped below a couple of weeks ago.
The AUD/USD pair initially broke higher during the course of the day on Friday, but ran into the 0.88 level and pullback. That area was once a supportive level and as a result it makes sense that the market would find it to be resistance.