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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The EUR/USD pair fell rather significantly, forming a very negative looking candle. The GBP/USD pair fell significantly during the course of the day on Friday, as we continue to see quite a bit of selling pressure against the British pound.
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Gold prices settled at $1117.83 an ounce on Friday, making a gain of 1.8% on the week and 5.2% over the month.
Gold declined for the first time in four sessions as investors took profits from a recent rally to twelve-week highs.
Get the NZD/USD Forex Signal for January 28, 2016.
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The WTI Crude Oil market rose during the course of the day on Wednesday, as we broke above the $32 level. Natural gas markets tried to rally during the session as well, as the $2.20 level offered resistance again.
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The S&P 500 initially tried to rally during the course of the day on Wednesday but found the 1920 level to be a bit too resistive. The NASDAQ 100 fell during the day on Wednesday, and essentially never even had an attempt to try to go higher.
The USD/JPY pair broke higher during the day on Wednesday, clearing the recent resistance that we had seen over the last several candles. The NZD/USD pair initially tried to rally during the course of the day on Wednesday but turned back around to form a very negative looking candle.
The EUR/USD pair broke higher during the day on Wednesday, clearing the top of the hammer from Tuesday. The GBP/USD pair fell significantly during the course of the session on Wednesday, showing a pretty negative candle.
The USD/CAD pair initially fell during the day on Wednesday, testing the 1.40 level for support.
Get the USD/CAD Forex Signal for January 28, 2016.
Get the USD/CHF Forex Signal for January 28, 2016.