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 GBP/USD and EUR/USD trader profited on a binary options platform.
The EUR/USD pair pulled back during the Wednesday session as the Euro continues to consolidate right around the 1.25 level. This area is the beginning of massive resistance All the way to the 1.27 level, and as such it does look like the next 200 pips will be much more difficult than the last 200.
GBP/USD had a very volatile session on Wednesday as the markets simply went nowhere in the end. At the close, we were fairly unchanged and it appears that the market is currently waiting.
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NZD/USD fell on Wednesday as the pair fell down to the 0.80 support level. The area is obviously a major number for the markets, and as such it's no surprise that this level offered a bit of support.
The AUD/CHF has broken a key support level at 0.9950 and entered a Technical Vacuum, well below the 62 Day Moving Average at 1.0003 . The pair has been trending lower since making a new four and a half year high on August 02 of 1.0348.
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According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.
Last week the Sterling, or GBP/USD, broke out of the box it was trading in between 1.5450 + 1.5750 for the past 90+ days.
USD/JPY fell during the session on Tuesday as the pair continues to test the support zone just above the 78 handle. This area is the same general vicinity that the Bank of Japan had recently admitted to intervening at clandestinely.
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EUR/USD had a fairly eventful session on Tuesday, as it originally fell only to turn around and pop much higher. While we haven't made a new high yet, it does show a certain amount of resilience of the 1.25 level.
EUR/GBP had a positive session on Tuesday as the Euro continues to show gains. This is an interesting turn of events for me personally, as I have noticed that the British pound seems to be picking up steam again.
According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.
In spite of lower than expected numbers from the Canadian housing markets and retail sales last week, the Loonie appears to be continuing to strengthen after breaking through .9900 and pulling back to the Monthly S1 at 0.9941.
The EUR/USD pair had a slightly will week session during the day on Monday, as the initial rallies faded and failed to rise above the 1.25 level substantially. The real candle to pay attention to on this chart would be the shooting star from Thursday.
The GBP/USD pair had a relatively disheartening session on Monday for the buyers. We initially trying to break higher, but that surge was beat back as the sellers forced prices below the 1.58 handle.