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 GBP/USD Forex signal for December 16, 2014 here.
Check out the EUR/USD Forex signal for December 16, 2014 here.
Gold prices retreated on Monday, erasing most of the previous week's gains, as better than anticipated data out of the world's largest economy stoked speculations of a hawkish stance from the U.S. Federal Reserve.
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According to the analyses of the USD/JPY and EUR/USD, trader profited on a binary options platform. See how here for December 15, 2014.
Internet sensation Baidu Inc. (ADR) (NASDAQ:BIDU) is taking a keen interest in taxi-hailing app Uber.
According to a recent research report released by the Cato Institute, Bitcoin could potentially be replaced by other types of crypto-currencies in the near future, which should have better security features and will be less volatile than the current digital currency.
Check out the EUR/GBP weekly Forex signal for December 15, 2014 here.
Check out the USD/JPY Forex signal for December 15, 2014 here.
Check out the GBP/USD Forex signal for December 15, 2014 here.
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Get the EUR/USD Forex signal for December 15, 2014 here.
The EUR/USD pair rose during the course of the session on Friday, but struggled at the 1.25 handle yet again. This is an area that has served as resistance time and time again, and I am not surprised at all to see that the market failed there.
The NZD/USD pair broke higher during the session on Friday initially, but turned back around above the 0.78 level. That area is an area that has caused support in the past, and is now starting to show itself to be somewhat resistive.
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The USD/JPY pair did very little during the session on Friday, as we continue to hover just above the 118.50 region. This is an area that has been somewhat supportive lately, and as a result would not be surprising at all if we went higher from here.
The NZD/CAD pair rose during the session on Friday initially but as you can see ran into quite a bit of trouble at the 0.90 handle.