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 fell during the bulk of the session on Thursday, and sliced through the 1.16 level at one point.
The USD/CAD pair fell rather significantly during the session on Thursday, but found the 1.18 level to be just as supportive as I had anticipated.
Gold prices rallied Thursday to log their highest settlement in four months after prices got a boost from the SNB's decision to abandon its cap of 1.20 franc per euro.
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The EUR/USD pair continues to stagnate as we see the 1.18 level as been a bit of a magnet for price. Because of this, I don’t really have a whole lot that I want to do with this pair, at least not right now.
The USD/CAD pair tried to break above the 1.20 level during the session on Wednesday, but as you can see was repelled and ended up forming a fairly negative candle.
The USD/JPY pair initially fell during the session on Wednesday, but found enough support at the 160 level to turn things back around for a bit of a hammer.
Get the USD/JPY Forex signal for January 15, 2015 here.
The GBP/CHF pair tried to break out during the course of the day on Wednesday, but as you can see the 1.55 level started offer quite a bit of resistance.
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The GBP/USD pair broke higher during the course of the day on Wednesday, breaking the top of the hammer from both Monday and Tuesday, an extraordinarily bullish sign.
Gold prices settled lower yesterday, extending losses to second straight session, as the bulls failed to overcome the resistance around the $1240 level.
Get the EUR/USD Forex signal for January 15, 2015 here.
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The EUR/USD pair broke down during the session on Tuesday, slicing through the 1.18 level. However, you can see that we bounce a little bit off of the bottom, so we are not ready to break down yet.
The EUR/JPY pair fell during the course of the day on Tuesday, testing the 138 handle for support. We did bounce a little bit from there, and as a result it looks like the buyers could step in this general vicinity.