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.
Gold prices advanced $4.57 an ounce yesterday as a slump in global equities and the retreating U.S. dollar provided some support to the precious metal. The XAU/USD pair turned higher and touched $1093.98 after the Labor Department reported initial jobless claims rose by 3K to 270K.
The EUR/USD pair continued to grind away during the course of the session on Wednesday, as we did get a little bit of bullishness, but at the end of the day I don’t expect much out of this market.
The USD/JPY pair initially fell during the course of the session on Wednesday, but found buyers below to turn things back around and form a rather positive looking candle as we slammed into the 125 handle.
The USD/CAD pair initially fell during the course of the session on Wednesday, but found enough support near the 1.31 level to turn things back around for a hammer again.
Get the USD/CHF Forex signal for August 6, 2015 here.
Check out the GBP/USD Forex signal for August 6, 2015 here.
Check out the EUR/USD Forex signal for August 6, 2015 here.
Get the USD/CHF Forex signal for August 5, 2015 here.
Get the GBP/USD Forex signal for August 5, 2015 here.
Get the EUR/USD Forex signal for August 5, 2015 here.
The USD/JPY pair initially fell during the course of the day on Tuesday, but found support below the 124 level yet again. By doing so, we ended up forming a fairly positive looking candle that essentially is the same thing as a hammer.
The NZD/USD pair initially tried to rally during the course of the day on Tuesday, but turned back around at the 0.6650 level to fall significantly and form a shooting star.
The USD/CHF pair initially fell during the course of the session on Tuesday, but found enough buyers underneath in order to turn the market back around and surge higher. By doing so, we tested the 0.98 level, which was my first target.
Gold prices ended nearly flat on Tuesday as some investors moved to the sidelines ahead of Friday's monthly jobs report.
Get the USD/CHF Forex signal for August 4, 2015 here.
