Stay up to date for the trading week ahead with our Forex forecast for major currency pairs for the week of March 7, 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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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 March 7, 2016 here.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 7, 2016.
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The USD/JPY pair fell during the day on Thursday, testing the bottom of the candle that form for the Wednesday session. The Australian dollar has broken out.
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The EUR/USD pair broke higher during the day on Thursday, clearing the top of the hammer that formed on Wednesday. Initially, the British pound loss value during the day on Thursday but found enough support just above the 1.40 level to turn things around and shoot higher.
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Get the NZD/USD Forex Signal for March 3, 2016.
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Get the AUD/USD Forex Signal for March 3 2016.
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Get the USD/JPY Forex Signal for March 3, 2016.
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Get the USD/CAD Forex Signal for March 3, 2016.
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Get the USD/CHF Forex Signal for March 3, 2016.
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Get the GBP/USD Forex Signal for March 3, 2016.
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Get the EUR/USD Forex Signal for March 3, 2016.
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The USD/JPY pair initially tried to rally during the day on Wednesday but found enough resistance above the 114 level to turn things around and form a bit of a shooting star. The New Zealand dollar initially fell during the day on Wednesday, but then found quite a bit of bullish pressure to send the market higher.
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The EUR/USD pair fell initially during the course of the session on Wednesday, but found enough buying pressure underneath to turn things back around and form a hammer. The British pound had a strong session during the day on Wednesday, as we continue to see quite a bit of volatility in the GBP/USD pair.
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The WTI Crude Oil market rose during the course of the day on Wednesday, testing the $35 level. Natural gas markets continue to get beat up as they fell significantly during the course of the day on Wednesday to make a fresh, new low.
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