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 fell during the session on Tuesday, but found support near the 1.13 level yet again to bounce and form a nice-looking but small hammer.
The EUR/GBP pair broke down during the session on Tuesday, finding fresh new lows. However, we bounced enough to form a bit of a hammer, which of course is a fairly decent buying opportunity under normal circumstances.
The USD/CAD pair initially tried to rally during the session on Tuesday, but pullback to crash into the 1.25 handle.
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The EUR/JPY pair went back and forth during the course of the session on Tuesday, as the 135 level continues to be a bit of a magnet for price.
The NZD/USD pair initially fell on Tuesday, but found enough support near the 0.74 handle to turn things back around and bounce to form a nice-looking hammer.
Gold prices initially fell on Tuesday but the market found enough support just above the $1189/6 area and formed a hammer.
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Gold prices settled slightly lower after shuffling between gains and losses, as investors took a cautious stance ahead of Fed chair's appearance before Congress.
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The NZD/CAD pair broke higher during the course of the day on Monday, testing the 0.95 resistance barrier. The resulting candle is a shooting star that shows significant weakness.
The GBP/USD pair initially fell during the course of the day on Monday, but found buyers shortly after the open to push the market back towards the 1.55 handle.