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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Gold prices fell on Tuesday as investors opt to stay on the sidelines ahead of the Fed's policy statement.
The USD/CHF pair broke down during the course of the session on Tuesday, testing the parity level yet again.
The SGD/CHF pair fell during the course of the session on Tuesday, but found enough support just above the 0.7175 level to turn things back around and form a nice-looking hammer.
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The GBP/USD pair broke down during the session on Tuesday, as the market continues the downtrend.
The EUR/USD pair tried to break out to the upside during the course of the session on Tuesday, but struggled at the 1.06 level.
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The EUR/USD pair broke higher during the session on Monday, but managed to find quite a bit of selling pressure near the 1.06 level, and therefore ended up forming a shooting star.
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The GBP/USD pair rallied during the session on Monday, jumping back above the 1.48 level. This was the bottom of a significant support zone, so I think that we are more than likely going to see quite a bit of resistance all the way back to the 1.50 handle.
The USD/CHF pair initially fell during the course of the session on Monday, but found enough support just above the parity level to turn things back around and form a hammer.
The USD/JPY pair initially fell during the course of the session on Monday, but as you can see found enough support at the 121 level to turn things back around to form a hammer.
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Gold prices settled lower on Tuesday but remained within the range of the previous 4 trading sessions. Not surprisingly, markets are in a cautious mode ahead of the Federal Reserve’s two-day policy meeting which begins today.
According to the analysis of the NZD/USD and EUR/USD, trader profited using a binary options platform. Find out how here for March 16, 2015.