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 USD/MXN pair continues to grind its way higher over the last several months, and we don’t think that January will be any different.
The EUR/GBP broke higher during the course of the last several weeks.
The EUR/CHF pair has been going sideways for some time now.
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The USD/JPY pair continues to grind sideways overall as the 118.50 level has offered significant support.
The GBP/USD pair has fallen quite a bit over the last several weeks if not months, and as a result I believe that we will continue to drop from here and reach towards the 1.45 level given enough time.
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The NZD/CHF pair fell during the day on Wednesday, but most certainly there is going to be a lack of liquidity in this market.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY pair bounced slightly during the day on Wednesday, but having said that it appears that the market isn’t quite ready to move.
The CAD/JPY pair fell slightly during the course of the session on Wednesday as we continue to consolidate in what most certainly would be thin trading.
The USD/CAD pair has been rallying for some time, and we did recently break above the 1.30 level which was essentially the end of the downtrend.