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 WTI Crude Oil markets took off to the upside during the session on Tuesday, breaking well above the $97 handle by the time the market closed.
Check out the signal for the EUR/USD pair here.
Check out the signal for the GBP/USD pair here.
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Check out the signal for the USD/JPY pair here.
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Check out where the EUR/USD pair is headed with this free Forex signal here.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the USD/JPY pair here.
The USD/CAD pair rallied during the session on Monday, to continue the move above the 1.06 handle. Now that we are comfortably above that level, I feel that this market has carte blanche to continue all the way to the 1.10 handle without too many issues.
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The GBP/USD pair rallied during most of the session on Monday, but as you can see found so much resistance above the 1.64 handle that we ended up forming a wicked shooting star. Because of this, I think that the market will in fact pullback over the next several sessions, and this makes sense, as we have been so parabolic recently.
The EUR/USD pair initially tried to rally during the session on Monday, but found the 1.36 area before too resistant, and then fell below it to close at roughly 1.3540 for the day.
The WTI Crude Oil markets rose during the session on Monday, challenging the top of the shooting star that the market had formed on Friday.
The XAU/USD pair fell to a 21-week low of 1217.68 after the U.S. manufacturing data, before recovering slightly to 1222.91. Data released from the Institute for Supply Management showed that the index of national manufacturing activity climbed to 57.3 from 56.4 a month earlier.
Check out the signal for the EUR/USD pair here.
Check out the signal for the GBP/USD pair here.