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 did almost nothing during the Friday session, which of course isn’t much of a surprise considering that the Good Friday holiday would have had most European and North American banks closed.
Begin the trading week with a forecast for some of the major Forex pairs here.
Gold prices fell yesterday as demand for the American dollar increased after the weekly unemployment claims figures and Philadelphia Fed’s survey beat forecasts.
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The WTI Crude Oil markets initially fell during the session on Thursday, but from enough support below the $104 level to pop higher fence in the market brushing up against the $105 handle.
The EUR/USD pair tried to rally during the session on Thursday, but you can see that the area above the 1.350 level offered enough resistance to push the market back down.
The USD/JPY pair initially fell on Thursday, testing the 102 level as support. This area brought in enough buyers though that we managed to see this market form a nice-looking hammer, which of course is a buying opportunity.
According to the analysis of crude oil and USD/JPY, trader profited on a binary options trading platform. See how here
Check out the Forex signal for the USD/JPY pair here.
Check out the Forex signal for the GBP/USD pair here.
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Check out the Forex signal for the EUR/USD pair here.
The XAU/USD pair tried to break below the 1293 support level but the bulls managed to defend their camp, as a result prices climbed back to the 1300 level.
The WTI Crew Oil markets rose during most of the session on Wednesday, but as you can see the $105 level offered enough resistance to turn things back around and form a shooting star.
The USD/JPY pair rose during the session on Wednesday, breaking above the 102 handle. This of course is a bullish sign but we did break down a little reporting of the day.
According to the analysis of EUR/USD and gold, trader profited on a binary options trading platform. See how here
Here are the updates to trades we recommended in February 2014 as well as March 2014: