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 broke down below the all-important 1.18 level during the session on Friday, and tested fairly low numbers.
The GBP/USD pair bounced during the session on Friday, breaking the top of the hammer from the Thursday session.
The AUD/SGD pair isn’t one that most to be traded very often, but it is a nice play on Asia. After all, the Singapore dollar is more or less a play on the banking system in Asia, while the Australian dollar of course is a plan on commodities.
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The USD/JPY pair initially tried to rally during the course of the day on Friday, but found enough resistance at the 120 level to turn things back around and start falling.
Gold prices settled higher on Friday after the most recent data from the United States showed that gains in employment haven't been enough to lead in to wage pressure, fueling speculation that the Federal Reserve will not be in a hurry to alter the monetary policy.
Get the Forex forecast learning about quant vs chart reading for the week of January 11, 2015 here.
Get the Forex forecast for the major currency pairs for the week of January 11, 2015 here.
The EUR/USD pair fell during the course of the session on Thursday, and broke down below the 1.18 level. However, we did get enough support to turn things back around and form a little bit of a hammer, so I am not necessarily looking to sell this right away.
The USD/CAD pair went back and forth during the session on Thursday, as we continue to hover above the 1.18 level.
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The USD/JPY pair went back and forth during the course of the day on Thursday, as we press up against the 120 level.
The GBP/USD pair went back and forth during the course of the session on Thursday, ultimately to end up forming a hammer.
Gold continued to retreat from a three-week high struck this week, as the strength of the dollar and the recovery in equity markets helped push prices down another $2 to $1208.61.
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