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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During the session on Friday, you can see that the AUD/CHF pair broke out to the upside. In fact, we not only broke out to a fresh, new high but we also broke above the top of the shooting star from the previous Thursday session.
The NZD/CAD pair initially fell during the course of the day on Friday, but found enough support at the 87 region to turn things back around and form a bit of a hammer.
The TRY/JPY pair broke higher during the session on Friday initially, but as you can see struggled at the 43.50 level.
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The EUR/GBP pair fell again during the course of the session on Friday, as we continue to break down below the 0.70 level. However, below there we have a massive amount of support and therefore we ended up forming a hammer.
Gold prices settled at $1078.33 per ounce, falling nearly 1% over the course of the week, as the metal struggled against a stronger dollar driven by the increasing likelihood of an interest rate hike next month.
The EUR/USD pair fell during the course of the day on Friday, as we continue to press the downside in this market.
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The GBP/CHF pair initially rallied during the course of the day and extended its move above the 1.55 level on Thursday, but turned around to form a bit of a shooting star.
Lately, we've been paying quite a bit of attention to the EUR/CAD pair, which is very interesting to us because of the issues in the European Union as far as the economy is concerned, and of course what’s going on in the oil markets, as they are falling apart.
The Canadian dollar fell during the session on Thursday in relation to Swiss francs.
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Sign up to get the latest market updates and free signals directly to your inbox.The TRY/JPY pair had a fairly neutral session during the day on Thursday, suggesting that perhaps we are running out of momentum to the upside.
During the session on Thursday, the EUR/USD pair went back and forth in a sign of support as the market could not continue to sell off.
The SGD/CHF pair initially rallied during the course of the day on Thursday, but as you can see turned back around and formed a bit of a shooting star.