Get the GBP/USD Forex signal for October 8, 2015 here.
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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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Get the EUR/USD Forex signal for October 8, 2015 here.
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Gold prices settled slightly lower on Wednesday after shuffling between gains and losses, as investors waited for the minutes of the Federal Reserve's September 16-17 meeting to gauge the central bank's outlook on the economy and rate policy.
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The EUR/USD pair fell during the day on Wednesday, as we continue to bounce between the 1.11 level on the bottom, and the 1.13 level on the top.
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The AUD/USD pair rose during the course of the session on Wednesday, testing the 0.72 handle.
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The USD/MXN pair found support at a vital area after initially falling during the session on Tuesday. Because of this, we ended up forming a hammer which of course is one of my favorite signals to start going long.
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The AUD/CHF pair broke higher during the session on Wednesday, clearing the 0.70 level.
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The GBP/AUD pair initially fell during the course of the session on Wednesday, but found enough support near the 2.12 level to turn things back around and form a nice-looking hammer.
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Get the NZD/USD Forex signal for October 7, 2015 here.
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Get the AUD/USD Forex signal for October 7, 2015 here.
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Get the USD/JPY Forex signal for October 7, 2015 here.
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The EUR/CAD pair bounced during the course of the session on Tuesday, which of course was important considering that we had broken down below a pseudo-uptrend line, and of course the all-important 1.4750 level on Monday.
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The USD/CAD pair initially rose during the course of the session on Tuesday, but found enough resistance near the 1.3150 level to turn things back around and form a pretty significant looking shooting star.
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The USD/SEK pair fell rather hard during the course of the day on Tuesday, which is something that I’ve been waiting for. While the US dollar does seem to be favored in general, we are seeing quite a bit of volatility and a possible trend change against many currencies.
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The GBP/AUD pair initially tried to rally during the course of the day on Tuesday, but found the 2.13 level to be a bit too resistive. Because of this, we ended up forming a relatively negative candle, one that looks a bit like a shooting star.
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