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.
The EUR/USD pair had a slightly positive session on Tuesday, but we remain below the 1.15 handle. This is an area that caused quite a bit of resistance every time we approached it recently, and as a result I think that it will continue to keep a bit of a lid on this market.
The EUR/GBP pair had a fairly positive session during the day on Tuesday, and even managed to break above the top of the shooting star from the Monday session.
Get the USD/JPY Forex signal for February 18, 2015 here.
Get the USD/CHF Forex signal for February 18, 2015 here.
Get the GBP/USD Forex signal for February 18, 2015 here.
Check out the EUR/USD Forex signal for February 18, 2015 here.
The NZD/USD pair went back and forth during the session on Tuesday, as the 0.75 level proved itself to be supportive enough.
The GBP/USD pair fell during the course of the session on Tuesday, as we tested the 1.53 level for support. It did in fact show that support, and as we are closing the session it looks as if we will form something along the lines of a hammer.
Gold prices ended Tuesday's session down 1.71%, or $21.07, to settle at $1209.67 an ounce as market players cashed in recent gains after the market failed to breach the $1232/3 key resistance area once again.
Get the USD/JPY Forex signal for February 17, 2015 here.
Get the USD/CHF Forex signal for February 17, 2015 here.
Get the GBP/USD Forex signal for February 17, 2015 here.
Get the EUR/USD Forex signal for February 17, 2015 here.
Gold extended gains for a third session on Monday, supported by safe-haven bids as talks between Greece and euro zone finance ministers collapsed in disarray.
The EUR/USD pair fell during the course of the session on Monday, as the 1.14 level offered a bit too much resistance for the buyers to continue pushing the Euro higher.
