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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The USD/CAD pair initially fell during the session on Tuesday, but found enough support at the 1.26 region to turn things back around and form a hammer.
The GBP/USD pair broke down during the session on Tuesday, and tested the 1.50 level. Towards the end of the session in order to determine that there was in fact support there yet again.
Gold prices dropped another $5.11 an ounce to $1161.48 yesterday, extending losses for a seventh straight session, as investors continued to price in expectations of a Fed rate hike as early as June.
Get the USD/CAD Forex signal for March 10, 2015 here.
Get the USD/JPY Forex signal for March 10, 2015 here.
Get the GBP/USD Forex signal for March 10, 2015 here.
Get the EUR/USD Forex signal for March 10, 2015 here.
The EUR/USD pair initially tried to rally during the course of the day on Monday, but as you can see ended up falling back down to form a shooting star.
The AUD/USD pair initially broke out to the upside during the course of the session on Monday, but turned back around at the 0.7750 handle. Because of this, the market ended up forming a shooting star which of course shows quite a bit of weakness in this marketplace.
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The USD/JPY pair initially fell during the session on Monday, but as you can see bounced enough to form a bit of a hammer.
Gold prices initially moved higher on Monday as physical demand in Asia provided some support but reversed course before midday.
Get the AUD/USD Forex signal for March 9, 2015 here.
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