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 GBP/USD pair broke higher during the course of the day on Monday, but as you can see we are still within the previous consolidation area, and the 61.8% Fibonacci retracement from the longer-term move, it’s of course could be resistance as well.
The AUD/USD pair tried to rally during the session on Monday, but turn things back around to form a shooting star.
The USD/JPY pair falls during the session on Monday only to find significant support at the 120 handle. With that, the market bounced enough to form a fairly supportive candle, and as a result I am bullish of the market yet again.
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Gold market initially fell during the course of the day on Monday, but we have found enough support around the $1186 level to reverse the course and touched the bottom of the Ichimoku cloud on the daily chart.
Get the USD/JPY Forex signal for December 9, 2014 here.
According to the analyses of the AUD/USD and EUR/USD, trader profited on a binary options platform. See how here for December 8, 2014.
A 40% slump in oil prices sent oil stocks plummeting much to the disgust of investors who were used to the high returns from the monopolistic industry.
Industry experts believe that in order for Bitcoin to be become more accessible to the masses, it is imperative for tech entrepreneurs who are setting up Bitcoin-related companies or apps to understand the pros and cons of traditional currency.
Last week, the biggest event for the market was the release of the U.S. jobs report. Gold prices fell sharply on the last trading day of the week after the Labor Department reported that the economy added 321000 jobs in November, far surpassing consensus estimates of 231000, and the unemployment rate held at a six-year low of 5.8%.
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Get the USD/CAD weekly Forex signal for December 8, 2014 here.
Check out the GBP/USD Forex signal for December 8, 2014 here.
Get the USD/JPY Forex signal for December 8, 2014 here.
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The EUR/USD pair fell during the session on Friday, as the nonfarm payroll numbers came out better than anticipated. Because of that, more and more money flows back towards the United States, as the European Union continues to struggle.
The USD/CAD pair originally broke higher during the course of the day on Friday, but as you can see gave back most of the gains in order to form a shooting star.