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 February 9, 2015 here.
The USD/CAD pair initially fell during the course of the day on Friday, testing the 1.2350 level.
The GBP/AUD pair continues to consolidate near the 1.95 handle. After Friday’s session, it appears that we are simply looking for a reason to break out, because we have recently broken out above the 1.93 level, and now we are looking for more momentum to continue the uptrend.
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The NZD/USD pair fell during the course of the day on Friday, as the employment numbers on the United States came out stronger than anticipated.
The EUR/USD pair fell during the session on Friday after the nonfarm payroll number came out stronger than anticipated.
Gold prices ended Friday's session down 2.56%, or $32.39, to settle at $1232.79 an ounce as another solid U.S. payroll reading, coupled with strong growth in wages, stoked bets the U.S. central bank will increase interest rates by mid-year.
The USD/CHF pair had very little reaction to the nonfarm payroll numbers, as we continue to tread water near the 0.9250 handle.
Get the Forex forecast for some of the major currency pairs for the week of February 9, 2015 here.
Get the Forex forecast learning about quant vs chart reading for the week of February 8, 2015 here.
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The NZD/USD pair struggled during the session on Thursday to make any real gains, as the area just below the 0.75 level offered quite a bit of resistance.
The EUR/USD pair broke higher during the course of the session on Thursday, slamming into the 1.15 level.
Gold prices settled lower on Thursday but remained within the trading range of the previous 5 trading days as investors await U.S. jobs data.
Gold prices advanced on Wednesday, marking the first rise in three days, with the metal’s attractiveness as a safe-haven asset in the wake of the European Central Bank's decision to tightens the screw on Greece offsetting pressure from strength in the dollar.
Get the USD/JPY Forex signal for February 5, 2015 here.
Get the USD/CHF Forex signal for February 5, 2015 here.