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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Get the USD/JPY Forex signal for October 7, 2015 here.
The EUR/CAD pair bounced during the course of the session on Tuesday, which of course was important considering that we had broken down below a pseudo-uptrend line, and of course the all-important 1.4750 level on Monday.
The USD/CAD pair initially rose during the course of the session on Tuesday, but found enough resistance near the 1.3150 level to turn things back around and form a pretty significant looking shooting star.
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The USD/SEK pair fell rather hard during the course of the day on Tuesday, which is something that I’ve been waiting for. While the US dollar does seem to be favored in general, we are seeing quite a bit of volatility and a possible trend change against many currencies.
The GBP/AUD pair initially tried to rally during the course of the day on Tuesday, but found the 2.13 level to be a bit too resistive. Because of this, we ended up forming a relatively negative candle, one that looks a bit like a shooting star.
Get the USD/CAD Forex signal for October 7, 2015 here.
Get the GBP/USD Forex signal for October 7, 2015 here.
Get the EUR/USD Forex signal for October 7, 2015 here.
Gold resumed its rise on Tuesday, after taking a breather on Monday, as weakness in the dollar bolstered demand for the precious metal.
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Get the NZD/USD Forex signal for October 6, 2015 here.
Get the AUD/USD Forex signal for October 6, 2015 here.
Get the USD/JPY Forex signal for October 6, 2015 here.
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Get the GBP/USD Forex signal for October 6, 2015 here.
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