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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Gold ended the day almost unchanged as the market took a breather after surging to a four-month high on Friday.
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The EUR/USD pair broke down during the session on Friday, dipping below the 1.15 level, which of course is a large, round, psychologically significant number.
GBP/USD went back and forth during the course of the session Friday, as you continue to grind sideways in general. This market seems to be trying to form some type of base, and it makes sense that the market would be doing so consider that we are just above the 1.50 level, which of course is massively supportive.
The USD/JPY pair bounced during the session on Friday, using the 116 level as a springboard.
The EUR/GBP pair broke lower during the session on Friday, as the Euro continues to fall apart. The Euro sol selling across the board during the session on Friday, and this pair of course was no different.
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Gold prices ended Friday's session up 1.35%, or $17.05, to settle at $1279.47 an ounce as disappointing U.S. economic data stoked speculations the U.S. central bank may hold interest rates extremely low for longer than previously thought.
Now that the Swiss National Bank removed the cap last Thursday, the Swiss Franc is back as an independent instrument in its own right. Find out what's next for the CHF here.
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The EUR/USD pair fell during the bulk of the session on Thursday, and sliced through the 1.16 level at one point.
The USD/CAD pair fell rather significantly during the session on Thursday, but found the 1.18 level to be just as supportive as I had anticipated.