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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According to the analysis of the EUR/JPY and EUR/USD trader profited on a binary options platform.
The EUR/GBP pair is resuming its upward trend. Get the Forex signal for this pair here.
The XAU/USD pair closed higher than opening as market players started taking profits near the 1320 support level as expected. Gold prices hit 1321.52 yesterday, the lowest since January 2011, before bouncing back to the 1403.
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The WTI Crude market fell initially during the session on Tuesday, reaching all the way down to the $86.00 level. However, we got a significant bounce from that level, and closed just below the $89.00 level by the end of the day.
The EUR/USD pair had a strong showing on Tuesday as the 1.31 level was broken to the upside. This market continues to show strength as we have seen over the last couple weeks, and the fact that we managed to pierce the 1.33 level suggests that there is a bit of underlying strength in this marketplace.
The EUR/JPY pair absolutely took off during the session on Tuesday, reclaiming almost all of the losses that we saw on Monday. This was an extraordinarily strong candle would put in that context, and as a result it's obvious that you can only buy this pair going forward.
The CAD/JPY pair had an interesting session on Tuesday, as it bounced fairly significantly from the 94.25 level, and continued as high as 96.20 during the session. One of the things that makes this pair a bit more interesting than the other yen related ones for the session is the fact that there is a monetary policy meeting for the Bank of Canada later today.
Faster than a speeding bullet, more powerful than a locomotive...Yes, I am talking about gold! The XAU/USD pair continued its freefall yesterday and as a result we have returned to a level which hasn't been seen since the beginning of 2011.
The WTI Crude Oil market had an absolutely horrific session on Monday, as we sliced through one of minor support level after another. Eventually, we found the $90.00 level, an area that should have been massive support.
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The EUR/USD pair had a negative tone to it on the Monday session, but quite frankly considering how drastically some of the risk assets out there sold off, it's not much to worry about if you happen to be bullish of the Euro.
The EUR/JPY pair fell rather precipitously during the session on Monday, as the "risk off" attitude came back into the marketplace. This would have been kicked off by the less than stellar economic numbers out of China overnight, and as a result we saw quite a bit of selling in various marketplaces.
The USD/CAD pair had a bullish session during the Monday trading hours as we finally broke above the 1.02 level solidly. In fact, we managed to break above the 1.0230 area, which was a recent high that I had anticipated being rather resistive.
Before you begin your trading for the week check out this Forex forecast for some of the major pairs to learn where they may be headed.
Check out this Forex signal for the EUR/JPY pair brought to you by the experts at BNRY for DailyForex.com.
All through last week, the Canadian dollar held firm against the Euro after its recent losses. The losses came on the back of rumors that plans to bolster Europe’s financial system is now weakening. Get the analysis for the EUR/CAD pair here.