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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Forex Technical Analysis
Get the USD/CAD Forex signal for August 14, 2017 here.
Get the GBP/USD Forex signal for August 14, 2017 here.
Get the EUR/USD Forex signal for August 14, 2017 here.
The EUR/USD pair initially fell during the day on Friday, but broke higher as we have cleared a couple of candles that formed hammers on the daily chart.
The US dollar continues to look soft against the Japanese yen, as Friday initially had a bullish move, but then turned around to show a negative move.
The S&P 500 bounced during the day on Friday, using what could be thought of as a trend line for support.
The WTI Crude Oil market initially fell during the day on Friday, but turned around to form a hammer.
Gold prices settled at $1290.38 an ounce on Friday, gaining 2.5% on the week, as recent volatility in global equity markets and a weaker dollar boosted prices.
Get the weekly Forex forecast focusing on major pairs for the week of August 14, 2017 here.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 13, 2017.
Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 14, 2017.
Gold prices rose $9.30 an ounce on Thursday, extending their gains to a third-straight session, as geopolitical risks hit equities and the dollar index fell.
The US dollar fell during the day on Thursday, breaking below the bottom of the hammer from Wednesday and even breaking down below what could have been a very supportive uptrend line.The Australian dollar fell initially during the day but did see a bit of a resurgence as gold has been bought out.
The S&P 500 broke significantly during the day on Thursday, slicing through the 2450 handle.The NASDAQ 100 look horrible during the day as we crashed into the 5800 level.
The WTI Crude Oil market initially tried to rally during the day, but found enough resistance above the $50 level on Thursday to turn around and fall significantly. Natural gas markets exploded to the upside during the day on Thursday, closing just a bit below the vinyl $3 level.