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 EUR/USD pair initially tried to rally during the course of the day on Monday, but failed at the 1.13 level yet again. This just confirms what I have thought for some time, but this market really doesn’t know where to go yet.
The NZD/USD pair rallied initially during the course of the session on Monday, breaking above the 0.65 handle. This is an area that I have seen as resistance recently, as we pulled back every time we got near it.
The USD/JPY pair rose during the course of the session on Monday, using the 120 level as a bit of a springboard. With that, it looks like the market is favoring the upside in general, and that every time we pullback we should continue to have buyers step into this market.
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The EUR/GBP pair tried to break higher during the course of the day on Monday, clearing the 0.74 level at one point in time.
The EUR/USD pair rose initially during the course of the session on Friday in reaction to the Nonfarm Payroll numbers, as the numbers missed significantly.
Gold prices rose 2.25% on Friday, posting the first gain in five sessions, and settled at $1139.59 an ounce as U.S. jobs data fell short of market forecasts.
Get the weekly Forex forecast for the week of October 5, 2015 here using quant vs. chart reading analysis.
Get the Forex forecast for the week of October 5, 2015 featuring major currency pairs like the EUR/USD, USD/JPY, USD/CAD and EUR/CHF here.
The EUR/USD pair broke higher during the course of the session on Thursday, as the 1.11 level below continues to offer support.
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The NZD/USD pair initially tried to rally during the course of the session on Thursday, but as you can see we turned back around to form a bit of a shooting star.
The GBP/USD pair initially tried to rally during the course of the day on Thursday, but as you can see the 1.52 level continues offer a significant amount of resistance.
The EUR/CAD pair initially fell during the course of the session on Thursday, but found enough support near the 1.4750 level to turn things back around and form a nice-looking hammer.
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