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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Check out the USD/JPY Forex signal for November 25, 2014 here.
Gold prices closed lower on Monday, giving back a portion of the previous week’s gains as the bulls continued to encounter resistance around the $1203 level. Richard Fisher's comments about inflation and bullish sentiment in equities also weighed on the market.
Get the EUR/USD Forex signal for November 25, 2014 here.
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Get the GBP/USD Forex signal for November 25, 2014 here.
The EUR/USD pair initially fell during the course of the day on Monday, but ended up finding enough of buying pressure underneath to turn things back around and form a slightly positive candle.
The AUD/USD pair struggled during the session on Monday, as we continue to fall. The market looks as if it’s ready to continue going much lower as the 0.86 level has offered a little bit of support, but I believe that it is a brief respite I more than anything else.
The USD/CAD pair rose during the course of the day on Monday, slamming into the 1.13 level. That area of course offered a bit of resistance as one would expect due to the fact that it was once support, and of course it is a large, round, psychologically significant number.
Get the Forex signal trading updates for the month of October 2014 by John Ursus here.
Facebook Inc. (NASDAQ:FB)’s desire to become a reliable ‘personal newspaper’ for its world-wide user base could mean more trouble for the ailing news media segment.
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Bitcoin is being very well received in Netherlands, with its user base growing substantially. It has been reported that the country is considering not imposing a Value-added tax on the sale or purchase of Bitcoins.
Gold prices climbed to three-week highs on Friday after China's surprise rate cut added to optimism about the global economy.
The EUR/USD pair fell rather significantly during the session on Friday as we continue to see massive bearish pressure in this marketplace.
The USD/JPY pair did very little during the session on Friday as the market took a rest. We are currently testing the 118 level, and as a result it would make a lot of sense if we pull back slightly in this general vicinity as far as I can see.
During the session on Friday, the New Zealand dollar tried to rally during most of the day. However, as we approached the 0.7950 region, without enough selling pressure to turn things back around and form a nice-looking shooting star.
The GBP/USD pair fell slightly during the course of the session on Friday, as we continue to see some grinding in this marketplace. It makes sense though, because the 1.57 level was massively supportive, is now being tested as resistance. I