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 EUR/USD pair did very little during the session on Friday, but the one thing that it did show me that is important is the fact that the 1.38 level should be somewhat supportive.
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The GBP/CHF pair fell during the session on Friday, breaking the bottom of the shooting star that had formed on Thursday. This is a classic sell signal, but I do see that the 1.45 level below is going to offer plenty of support.
The EUR/JPY pair fell during the session on Friday, but as you can see we found enough support above the 140 level to turn things back around and form a hammer. This hammer of course suggests that there is plenty of support below, and as a result we could very well find buyers.
The NZD/USD pair rose during the session on Friday, breaking the top of the Thursday hammer. While this is normally a very bullish sign, the market turned right back around and formed a shooting star, which of course is a very negative sign.
Gold prices continued to decline yesterday and touched the 1320 support level as a stronger dollar reduced the appeal of the precious metal as an alternative investment.
The WTI Crude Oil markets fell during the session on Thursday, dipping down to the $98.00 level. That area of course found enough support in order to push the market back up and form a hammer.
The EUR/USD pair fell hard during the session on Thursday, but as you can see bounced back above the pseudo-trend line that I have plotted on the chart.
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The USD/CAD pair recently broke out above the resistance in order to fire off nice buying signals. However, the Thursday session saw the market pullback from the 1.1275 level in order to form a star.
The NZD/USD pair fell during the session on Thursday, but found enough support at the 0.85 level to turn things back around and form a nice-looking hammer.
The AUD/USD pair fell hard during the session on Thursday first, but as you can see found enough support at the 0.90 level to turn things back around and form a hammer.
Check out the Forex signal for the USD/JPY here.
Check out the Forex signal for the GBP/USD here.
Check out the Forex signal for the EUR/USD here.