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 Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
The XAUUSD pair had a positive day as weakness in the American dollar increased investors' appetite for gold and pushed prices for the precious metal to their highest close in two weeks.
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The WTI Crude Oil markets rose during the session on Tuesday, breaking above the $102 level. This of course is a sign that the market is picking up momentum, and as a result I believe that this market will continue to go higher, but it won’t necessarily be a straight shot up.
The EUR/USD pair rose during the session on Tuesday, breaking higher and attacking the 1.38 level. I had mentioned this as a short-term buying opportunity, and that the 1.38 level would be the target.
The NZD/USD pair rose during the session on Tuesday, breaking the top of the hammer from the Monday session. The hammer from the Monday session of course suggested that we were going to see more buyers step into this marketplace, and that has in fact happened.
The GBP/USD pair shot straight up during the session on Tuesday, acting much like a rocket taking off.
According to the analysis of AUD/USD and EUR/USD pairs, trader profited on a binary options trading platform. See how here
Check out the weekly signal for the AUD/NZD pair here.
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Check out the Forex signal for the USD/JPY pair here.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
The XAU/USD pair (Gold vs. the American dollar) settled lower yesterday, pulling back after sizable gains in Friday's sessions, as that investors took some of profit off the table.
The WTI Crude Oil markets rose during the session on Monday, breaking the top of the hammer from the Friday session. This shows that the market does in fact have buying pressure underneath, mean that we will more than likely continue to go higher.
The EUR/USD pair broke higher during the session on Monday, breaking the top of the hammer from the Friday session.