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 December 15, 2015 here.
The USD/CAD pair went back and forth during the course of the day on Monday, essentially struggling to go anywhere once it was said and done.
The USD/CHF pair initially fell again during the session on Monday, testing the 0.98 level for support.
During the session on Monday, the WTI Crude Oil markets fell significantly. However, we did find enough bullish pressure underneath to turn things back around and bounce.
The AUD/CHF pair rallied during the day on Monday, as we saw quite a bit of strength in this particular currency pair.
The USD/SEK pair initially fell during the course of the day on Monday, as the Swedish krona picked up a little bit of strength.
The market started the week on the back foot, breaking below the 1066/4 area, and tested the support around the $1058 level.
The EUR/USD pair certainly has been resilient lately. We completely wiped out all of the losses from Thursday during the Friday session, as we crashed into the 1.10 level.
The USD/JPY pair fell significantly during the Friday session, as we broke well below the 1.1 handle.
Bonuses & Promotions
The WTI Crude Oil market continued to fall on Friday, as this market simply cannot find any type of support.
The USD/CAD pair broke out to the upside yet again during the session on Friday, and broke above the 1.37 level.
What happened on Friday was a significant statement though. We broke above the trend line, the 2.10 level, and of course the top of the shooting star from the Wednesday session. In other words, the buyers got extraordinarily aggressive
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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 December 14, 2015 here.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 14, 2015.