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 AUD/USD pair broke out during the session on Tuesday, slashing through quite a bit of resistance that we have seen recently.
The USD/JPY pair fell during the course of the day on Tuesday, slicing through the 120 handle.
The EUR/JPY pair fell during the course of the day on Tuesday, slamming into the 145 level. That is an area that I see is massively supportive, but I will admit that there are is the possibility that we go lower from there as well.
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The USD/CAD pair fell during the course of the session on Tuesday, as we continue to grind sideways. It’s not a big surprise, this pair tends to do that a lot, and the fact that we are talking about New Year’s Eve now, and it suggests that the market will continue to do very little.
The XAU/USD pair (Gold vs. the American dollar) ended Tuesday higher than opening after the bulls managed to push prices above the $1193.55 resistance level.
Learn and see how good our forecasts we made at the start of 2014 turned out to be with this review of the major pairs forecasts here.
The EUR/USD pair fell again during the session on Monday, after initially trying to rally. As you can see the trend has been intact for some time, as denoted by the 50 exponential moving average on this daily chart.
The USD/JPY pair rose during the course of the session on Monday, using the 120 level as a supportive barrier.
The GBP/AUD pair fell during the session on Monday, but as you can see on the chart found a bit of support. I have the 1.90 level marked on the chart, and you can see that it has in fact offered support several times in the past.
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The GBP/USD pair fell hard during the course of the session on Monday, testing the 1.55 level again.
The AUD/USD pair broke higher during the course of the session on Monday, but as you can see pullback in order to form a shooting star. With that being the case, the market looks as if it is ready to continue to sell off every time we try to rally.
Gold prices ended Monday's session down 0.9%, or $10.85, to settle at $1183.20 an ounce.
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