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 EUR/USD Forex signal for June 8, 2015 here.
Gold prices slipped for a third straight session on Friday as a solid U.S. payroll reading, coupled with strong growth in wages, eased concerns about the health of the world's biggest economy and revived flagging views that the Federal Reserve might consider raising interest rates as early as September.
The EUR/USD pair fell during the Friday session in reaction to a better than anticipated jobs number coming out of the United States. This of course has people thinking that perhaps the Federal Reserve will have to raise interest rates sooner rather than later.
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For my money, this is probably one of the most interesting Forex pairs out there right now. After all, the 125 level is a major psychological resistance barrier, and the fact that we have broken up above it seems like a signal that the longer-term trend is going to continue to be to the upside.
Get the Forex forecast for some of the major currency pairs for the week of June 8, 2015 here.
Get the weekly Forex forecast using quant vs chart reading for the week of June 7, 2015 here.
Gold prices settled lower on Thursday, extending losses from the previous session, as upbeat data on the U.S. economy eroded demand for safe-haven assets.
The EUR/USD pair initially took off to the upside during the session on Thursday, but found quite a bit of resistance at the 1.14 level. Because of this, we ended up turning back around and formed a shooting star.
Gold prices fell 0.7% on Wednesday to settle at their lowest level in more than three weeks as signs of progress in the Greek bailout saga and better than expected U.S. economic data curbed appetite for the metal.
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Check out the AUD/USD Forex signal for June 4, 2015 here.
Check out the USD/JPY Forex signal for June 4, 2015 here.
Check out the GBP/USD Forex signal for June 4, 2015 here.
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The EUR/USD pair initially fell during the day on Wednesday, but found enough support near the 1.11 level to turn things back around and bring buyers back into the marketplace.
The WTI Crude market fell during the session on Wednesday, as we continue to meander in a relatively tight consolidation area. Because of this, I believe that this market will probably drift a little bit lower, perhaps heading back down to the $56 handle.