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 where pro trader Andrew Keene thinks the CAD is heading, with a full signal only at DailyForex.com.
According to the analysis of the USD/CAD and EUR/USD one trader profited on a binary options platform. See how here.
Beginning with the long-term picture from the monthly chart, the EUR/USD pair has been in a downtrend over the past several years, albeit one with plenty of pull-back to the upside.
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The EUR/CAD has been ascending in a Daily channel since the middle of May, and at a fairly steep angle.
The WTI Crude Oil market rallied during a big part of the day, but found the $98.00 level far too resistive.
The situation in Europe is starting get ugly again, as the stock markets have shown the last several weeks.
This coming week is going to be interesting for this pair, because both of these countries will be releasing their economic numbers involving employment.
The resulting shooting star from the session on Friday suggests that we are going to continue to bounce around in this area, so I think there is a short-term trading opportunity at this point in time.
Although the XAU/USD pair fell for most of the week, it had a nice bounce during the Friday's session.
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Check out the forecast for the week on some of the major Forex pairs here.
This market has a long history of going sideways for a significant amount of time and then suddenly skyrocketing in one direction or the other.
The EUR/USD pair bounced off of the 1.300 level during the session on Thursday, but quite frankly that's a major round number, which of course carries psychological significance.
The XAU/USD pair printed another bearish candle yesterday on the back of the encouraging U.S. economic figures.
The WTI Crude Oil market rose during the session on Thursday, breaking above the $97.00 level at one point during the day.
The one thing that's a bit different about the New Zealand dollar is that it tends to follow the soft commodities, something that most of you probably don't pay attention to.