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/JPY pair initially shot higher during the course of the day on Friday, but as you can see we found enough resistance of the 109.50 level to turn things back around and form a shooting star.
The GBP/USD pair rose drastically during the course of the day on Friday, mainly in reaction to the Scottish Independence Vote failing. Since the Scots are staying within the United Kingdom, the game a bit of a reprieve for the British pound, but you can see that it was fairly short-lived.
The AUD/USD pair fell hard during the session on Friday, breaking the bottom of the hammer from the Thursday session, and testing the 0.89 level.
Check out the USD/JPY Forex signal for September 22, 2014 here.
Check out the GBP/USD Forex signal for September 22, 2014 here.
Check out the EUR/USD Forex signal for September 22, 2014 here.
The XAU/USD pair suffered a weekly loss of nearly 1.25% as the conditions in the marketplace continued to diminish desire for safe-haven diversification.
Here are the updates to trades we recommended in August 2014 as well as updates on the three open positions from previous months.
Check out the weekly forecast for some of the major Forex pairs for the week of September 21, 2014 here.
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The XAU/USD pair initially fell to its lowest level in eight months during yesterday's session but erased losses and ended the day slightly higher after a series of economic data released from the United States came out weaker than forecasts.
The EUR/USD pair bounced a bit during the session on Thursday, showing the 1.2850 level to be somewhat supportive. We basically have retraced about 60% of the losses from the session on Wednesday, leading me to believe that the market is simply consolidating.
The USD/JPY pair tried to go higher during the course of the day on Thursday, as the 109 level has offered far too much in the way of resistance, making this market slowdown a little bit.
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The AUD/USD pair went back and forth during the course of the day on Thursday, as we have broken down below the 0.90 handle. However, there is a significant amount of noise only down to the 0.89 handle, so we haven’t truly broken free of the support that the market has been fighting with.
Whilst BTC/USD continues to trade in a narrow range, Bitcoin exchange start-up CoinJar announced that it would be trying to bridge the gap between the digital currency and the traditional methods of making payments by introducing smart cards which would allow users to make the payment in Australian dollars backed by the digital currency.