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 USD/JPY pair initially fell during the session on Monday, but as you can see bounced enough to form a bit of a hammer.
Gold prices initially moved higher on Monday as physical demand in Asia provided some support but reversed course before midday.
Get the AUD/USD Forex signal for March 9, 2015 here.
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Get the USD/CAD Forex signal for March 9, 2015 here.
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Get the GBP/USD Forex signal for March 9, 2015 here.
Get the EUR/USD Forex signal for March 9, 2015 here.
Gold prices ended Friday's session down 2.62%, or $31.43, to settle at $1166.71 an ounce as another encouraging U.S. jobs report boosted expectations the Federal Reserve will take a more hawkish tone on interest rates.
The NZD/USD pair broke down during the session on Friday, as the jobs number out of the United States came out much better than anticipated.
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The EUR/USD pair broke down during the session on Friday, finally clearing the 1.10 level decisively. This of course was a reaction to the nonfarm payroll numbers coming out stronger than originally anticipated, which of course brings in more money to the United States.
The USD/CAD pair broke higher during the course of the session on Friday, slicing through the 1.25 level, and breaking above the potential down trending line from the possible descending triangle that had been forming.
Get the Forex forecast learning about quant vs chart reading for the week of March 9, 2015 here.
Get the weekly Forex forecast for the week of March 9, 2015 here.
Gold prices fell for a fourth straight session on Thursday as gains in the dollar and equities diminishes the appeal of safe haven assets. While some investors moved to the sidelines ahead of key U.S. employment data, some pulled back from bets on the metal.
The EUR/USD pair tried to rally during the session on Thursday, but turned back around to test the 1.10 level, an area that I had looked at as a longer-term target. Now that we have hit that area, I find it very interesting that we do so.