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/CHF pair tried to break higher during the course of the day on Friday, but as you can see the 1.05 level offered enough resistance to turn the market back around.
The AUD/USD pair broke down during the course of the session on Friday, but as you can see had a little bit of a bounce near the 0.77 handle.
Although gold prices suffered a weekly loss of nearly 0.86%, the market had a strong month overall. Get the forecast for February 2015 here.
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Get the Forex forecast learning about quant vs chart reading for the week of February 1, 2015 here.
The EUR/USD pair broke higher towards the end of January, but still remained below the 1.15 level. Quite frankly, the market has sold off and is a bit oversold but at the end of the day there are too many factors working against the Euro to think that this pair will rally for any significant length of time.
The EUR/CHF pair broke higher during the course of the back half of January, after the surprise announcement that the Swiss National Bank was trashing the currency peg at 1.20 that it had held in this pair for so long.
The GBP/USD pair initially fell during the course of January, but did get a little bit of a bounce once we hit the 1.50 level.
The USD/CAD pair broke higher during the course of January, and now is well above the 1.25 level at the time of writing.
The NZD/USD pair recently has broken below the 0.75 handle, and as a result looks as if it’s ready to continue falling. You have to keep in mind that the Royal Bank of New Zealand has recently even gone so far as to intervene in this pair, to drive down the value of the Kiwi dollar.
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The EUR/USD pair initially tried to rally during the course of the day on Thursday, but as you can see struggled and turned back around to form a little bit of a shooting star.
The NZD/USD pair continued falling during the session on Thursday, even after the massive selloff during the Wednesday session.
The GBP/USD pair fell during the course of the session on Thursday, as we fell all the way down to test the 1.50 level yet again.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY pair which had previously been so bullish continues to consolidate as the 118 level seems to be a bit of a magnet at this point in time.
The EUR/GBP pair broke out to the upside during the session on Thursday, clearing the top of a couple of shooting stars.
Gold prices fell for a second day and settled at $1256.85 an ounce, losing $27.18, on growing perception the U.S. Federal Reserve is on course to raise interest rates as early as June.