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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Google Inc. (NASDAQ:GOOG) launched the newest version of its Android operating system “Lollipop”, which it believes will take away any security glitches that previous Android versions had.
Gold prices advanced on Tuesday, marking the first rise in five trading sessions, as traders took a cautious stance ahead of the U.S. Federal Reserve's latest policy announcement.
The EUR/USD pair continues to test the 1.28 handle, an area that I believe will bring in a lot of selling.
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The GBP/USD pair fell during the course of the day on Tuesday, testing the 1.5250 level again. This is an area that has been supportive recently, as well as resistive in the past.
The USD/JPY pair found a bit of support during the Tuesday session, using the 107.50 level as a springboard. We broke the top of the hammer from the Monday session, and that of course is a very positive sign.
The GBP/USD pair went back and forth during the session on Tuesday, essentially settling nothing. That being said though, we do have a Federal Reserve interest rate decision coming out today, as well as a statement.
The EUR/JPY pair is a bit of an anomaly when it comes to the Euro. I’m very bearish of the Euro in general, but I also recognize that the Japanese yen is probably one of the few currencies out there that is being sold just as aggressively as the Euro, and perhaps even more so.
Get the USD/JPY Forex signal for October 29, 2014 here.
Check out the EUR/USD Forex signal for October 29, 2014 here.
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Microsoft Corporation (NASDAQ:MSFT) reported that it will be providing unlimited storage space to all users who use Office 365.
After four consecutive days of losses it appears that the XAU/USD pair (Gold vs. the American dollar) steadied during the Asian session today.
Get the USD/JPY Forex signal for October 28, 2014 here.
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The WTI Crude Oil market has been very bearish for quite some time now. After all, you can see that the market fell from the $90 level all the way down to the $80 level in a flash.
The EUR/USD pair did break higher again during the session on Monday, but this market still faces a significant amount of resistance above.