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 gave up some of its recent gains against the American dollar during yesterday's session on the back of the solid U.S. economic figures.
The WTI Crude Oil markets did very little during the session on Thursday, which would have been expected based upon the fact that the Non-Farm Payroll numbers are due today. This of course will move all markets, and this one will without a doubt be no different.
The EUR/USD pair initially fell during the session on Thursday, but found support in the same general vicinity that we had seen the three previous sessions. The fact that the market bounced so much higher and close well above the 1.36 handle.
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The EUR/JPY pair went back and forth during the session on Thursday, essentially hugging the 139 handle. This area continues to be a bit of a magnet for price, and I believe that we will see that begin to change after the nonfarm payroll announcement today.
The GBP/USD pair fell during the bulk of the session on Thursday, and even tested the 1.63 level. This level is supportive though, and it doesn't surprise me at all that we got a little bit of a bounce from there.
The EUR/JPY pair went back and forth on Wednesday, solidifying my opinion on this pair as being a bit stagnant at the moment.
The XAU/USD pair (Gold vs. the American dollar) scored a gain of 1.7% on Wednesday as investors started to shift money from equities to gold.
The EUR/USD pair initially fell during the session on Wednesday, but found enough support at the 1.3525 level in order to bounce and form a hammer
The WTI Crude Oil markets initially tried to fall during the session on Wednesday, after initially gapping slightly higher.
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The AUD/USD pair fell during the session on Wednesday, slamming into the 0.90 level, an area that I have been watching for some time. Because of the psychological aspect of a round number like this, it does not surprise me that it did hold the sellers away, and cause a slight bounce by the end of the session.
Check out the signal for the EUR/USD pair here
Check out the signal for the USD/JPY pair here.
Check out the Forex signal for the GBP/USD pair here.
Although the XAU/USD pair found some support just above the 1213.40 level yesterday, the lack of momentum is certainly something to watch.
The EUR/USD pair rose for the session on Tuesday, but remained underneath the 1.36 handle by the time the market close.