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 XAU/USD pair finally broke out of the consolidation zone that we have been watching for days as the American dollar lost ground across the board after the Q1 GDP, pending home sales and unemployment claims data missed expectations.
According to the analysis of the EUR/USD and AUD/USD one trader profited on a binary options platform. See how here.
The WTI the Crude Oil markets fell rather significantly during the session on Wednesday, but as you can see I am still looking at the four-hour charts for direction.
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The XAU/USD pair (Gold vs. the American dollar) settled higher yesterday, as weakness in the U.S. dollar and pullbacks in major stock markets increased investors’ appetite for the precious metal as an alternative investment.
The EUR/USD pair continued to grind away in a larger sideways consolidation area on Wednesday, gaining until we hit just below the 1.30 level.
The EUR/CHF pair is a market that I have not done a review on in at least a year, possibly even longer than that. This is mainly because the Swiss National Bank had put a "peg" in this pair at the 1.20 level.
The AUD/USD pair had a positive session on Wednesday, as it slammed back into the bottom of the 0.9650 level; however, you can see that the market couldn't stay above that level.
According to the analysis of the GBP/USD and AUD/USD one trader profited on a binary options platform. See how here.
The WTI Crude Oil market had a pretty strong showing during the session on Tuesday, but towards the end of the day did show some weakness to close at roughly $95.00.
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Recently the XAU/USD pair has been continuously held in check by the key 1400 resistance. Yesterday's trading session was no different than the last nine days.
The battle between the EURO and Kiwi rages on with the pair passing the bearish/bullish torch back and forth with enough regularity since April to form a very clear 4 hour ascending channel.
The EUR/USD pair fell rather hard during the session on Tuesday, breaking the bottom of the shooting star that had formed on Friday.
The GBP/USD pair fell hard during the session on Tuesday as the British pound continues to pick up bashing.
The AUD/USD pair tried to rally during the session on Tuesday, but as you can see failed breaking above the 0.9650 level.
According to the analysis of the USD/JPY and EUR/USD one trader profited on a binary options platform. See how here.