Get the EUR/USD Forex Signal for February 22, 2016.
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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 EUR/USD pair initially fell on Friday, but found support just above the 1.1050 level again. The GBP/USD pair initially tried to fall during the course of the day on Friday, but turned back around and form a relatively supportive looking candle.
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The USD/JPY pair initially tried to rally during the course of the session on Friday but turned back around as the 113 level was a bit too rich for the market. The NZD/USD pair went back and forth during the course of the day on Friday, and ended up forming a bit of a hammer.
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Gold prices settled at $1227.90 an ounce on Friday, suffering a loss of $9.21 on the week.
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Stay up to date for the trading week ahead with our Forex forecast for major currency pairs for the week of February 22, 2016.
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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 February 22, 2016 here.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of February 22, 2016.
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The USD/JPY pair fell significantly during the course of the day on Thursday, breaking the bottom of the shooting star from Wednesday. The AUD/USD pair did almost nothing during the session on Thursday as we continue to hover just below the 0.72 handle.
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The EUR/USD pair fell during the course of the day on Thursday, testing the 1.1050 support level. The GBP/USD pair tried to rally during the day on Thursday as well, but turned back around to form a somewhat exhaustive candle.
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The S&P 500 struggled a bit during the course of the day on Thursday, as we found the 1940 level a bit too resistive. The NASDAQ 100 did very much the same, and quite frankly I feel that these 2 markets should move in tandem.
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The WTI Crude Oil market initially tried to rally during the day but found the $32 level a bit too expensive. If there’s been one reliable trend over the last several months, it’s been that every time natural gas rallies, sellers come in and punish the market.
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Get the NZD/USD Forex Signal February 18, 2016.
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Get the AUD/USD Forex Signal for February 18, 2016.
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Get the USD/JPY Forex Signal for February 18, 2016.
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Get the USD/CAD Forex Signal for February 18, 2016.
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