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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Check out the USD/JPY Forex signal for December 22, 2014 here.
Get the GBP/USD Forex signal for December 22, 2014 here.
Get the EUR/USD Forex signal for December 22, 2014 here.
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The EUR/USD pair fell again during the session on Friday, as we made a fresh new low. This of course signifies that the sellers are coming back into the marketplace, and should continue to push the value of the Euro lower.
The USD/JPY pair initially fell during the course of the session on Friday, but as you can see we found enough support to turn things back around and form a hammer.
The EUR/CAD pair initially tried to rally during the course of the session on Friday, but as you can see turned back around above the 1.4250 level.
The NZD/USD pair fell during the course of the session on Friday, almost completely taking back all of the gains from the Thursday session. This tells me that the market still is going to continue to struggle going higher.
The USD/CAD pair tried to rally during the course of the session on Friday, but as you can see struggled above the 1.16 level. The resulting candle is a shooting star of sorts, and it suggests that the market is in fact going to continue falling from here in order to trying to find some type of support.
The XAU/USD pair posted first weekly loss in three weeks and settled at $1195.71 per ounce. A stronger dollar and the rebound in equity markets worldwide drew some investors away from gold.
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Get the forecast for some of the major Forex currency pairs for the week of December 22, 2014 here.
Check out the weekly forecast for quant vs chart reading for the week of December 21, 2014 here.
The EUR/USD pair has fallen quite drastically during most of the year for 2014, and although I think it’s still pretty bearish, you can see that I have a blue line on the chart near the 1.2050 region.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/CHF pair is one that very sensitive to risk appetite, and with that I feel that you’re going to have to watch the stock markets in general to see whether or not this pair should go higher.
The USD/CAD pair has had a nice run since the middle of 2012, and I believe that it will continue. It’s possible that we might get a little bit of a pullback first, but ultimately I believe that the trend line that I have on the monthly chart is going to hold.
The USD/JPY pair had a massive move higher during the course of the back half of 2014, probably more so than acceptable.