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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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.
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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.
Get the AUD/USD Forex signal for May 14, 2015 here.
Get the USD/JPY Forex signal for May 14, 2015 here.
Get the GBP/USD Forex signal for May 14, 2015 here.
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Get the EUR/USD Forex signal for May 14, 2015 here.
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.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/CAD pair broke down during the day on Wednesday, and even broke below the 200 day exponential moving average.
Get the AUD/USD Forex signal for May 13, 2015 here.
Get the USD/JPY Forex signal for May 13, 2015 here.