Get the weekly Forex forecast using quant vs. chart reading analysis for the week of August 17, 2015 here.
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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Get the Forex forecast for the week of August 16, 2015 here.
The EUR/USD pair initially fell during the session on Thursday, as the 1.1080 level offered support. The market has been very choppy overall, and I think that there is a real chance of this continuing.
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The NZD/CAD pair initially tried to fall during the session on Thursday, but found enough support to turn things back around to form a hammer.
The EUR/JPY pair initially fell during the course of the session on Thursday, but found enough buying pressure near the 138 level to turn things back around and form a hammer.
The GBP/USD pair initially fell during the course of the day on Thursday, but found enough support at the 1.5550 level to turn things back around and form a hammer.
The USD/CAD pair bounced off of the area just below the 1.30 level, so now looks as if the market is ready go higher. We have made a “higher low” now, and if we can continue to go higher and break above the top of the range we should continue to see this market go higher.
The GBP/JPY pair went back and forth during the course of the session on Thursday, bouncing just around the 195 handle. We are just below there though, so the market is trying to build up momentum in my opinion to break out finally.
Get the NZD/USD Forex signal for August 13, 2015 here.
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Get the AUD/USD Forex signal for August 13, 2015 here.
Get the USD/JPY Forex signal for August 13, 2015 here.
Check out the USD/CHF Forex signal for August 13, 2015 here.
Get the GBP/USD Forex signal for August 13 2015 here.
Check out the EUR/USD Forex signal for August 13, 2015 here.
Check out the NZD/USD Forex signal for August 12, 2015 here.