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 Friday, but found enough support near the 1.13 level to turn things back around and form a hammer shaped candle for Friday.
The WTI Crude Oil market initially fell during the course of the day on Friday, but found enough support towards the end of the session to turn things back around and form a rather positive looking hammer.
The EUR/CHF pair broke higher during the course of the session on Friday, testing the 1.05 handle. This is an area that has been massively resistive and supportive in the past, so the fact that we pullback should not be much of a surprise.
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Gold prices settled at $1224.25 per ounce, rising 2.9% over the course of the week, as investors pushed back bets on when the Federal Reserve will increase interest rates following a new batch of disappointing U.S. data.
Get the Forex forecast using quant vs. chart reading techniques for the week of May 18, 2015 here.
The EUR/USD pair tried to rally during the day on Thursday, but gave up quite a bit of the gains. However, we continue to see the 1.15 level above as resistance.
The EUR/CAD pair broke higher during the Thursday session as the pair bucked the trend of Euro weakness for the day. The pair going higher shows strength, but the 1.3750 area above is more than likely going to be resistance.
Gold prices rose for a third straight session to settle at their highest level since mid-February as the dollar’s decline increased investors’ appetite for the precious metal.
According to the analyzes of the USD/CAD and EUR/USD, trader profited using a binary options platform. Find out how here for May 14, 2015.
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The EUR/USD pair initially fell during the day on Wednesday, but as you can see rose later in the day to test the 1.14 handle.
The WTI Crude Oil market fell during the session on Wednesday, in order to show just a little bit of resistance. However, I believe that we are sitting on top of a significant amount of support as we have recently broken out to the upside.