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 signs are bullish, but the strong resistance overhead is going to take more momentum to be broken.
After three consecutive days of gains, gold prices rose to its highest levels since June 19.
Last week's candle was bullish, closing close to its high, following the previous week's bullish reversal candle.
The bearish run on the AUD that has been ongoing since around March has resulted in an uptrend on other pairs, such as the EUR/AUD.
At this time of year, it's going to be difficult to breakout simply because the real money isn't in the market right now.
Unfortunately, certainty won't come into the marketplace until September.
The NZD/USD pair had another positive showing on Friday, breaking above the 0.81 handle money and the day.
Somewhere between the 0.8450 level, and the 0.85 level, I believe that there is a significant amount of support that will let this market back up.
This EUR/GBP signal comes from Alp Kocak, our senior trader. Get this free Forex signal here.
Check out the forecast for the week on some of the major Forex pairs here.
The XAU/USD pair extended its gains after a volatile session as the bulls manage to clear the first important resistance at the 1347 level which had been a cap on the prices since July 23.
There are three hammer like candles before the shooting star and that normally means consolidation at best.
The EUR/USD pair got a boost during the session on Thursday as US numbers came in weaker than anticipated.
The shooting star of course is a negative sign, and although I am longer-term positive this market, it does tend to make me a bit nervous when I see candles shaped like this.
Going forward, I expect the Euro to do better than the Pound, simply because the Europeans have just exited a recession.