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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Get the AUD/USD Forex signal for March 12, 2015 here.
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Get the EUR/USD Forex signal for March 12, 2015 here.
Gold prices ended Wednesday's session down 0.58% as a robust dollar and technical selling pressure continued to weigh on the market.
The EUR/USD pair broke down again on Wednesday, but this time tested the 1.05 support level. This of course is a large, round, psychologically significant number, so it does not surprise me that the buyers stepped in.
The USD/CAD pair broke out during the session on Wednesday, but pulled back enough to form a shooting star.
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Get the GBP/USD Forex signal for March 11, 2015 here.
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The EUR/USD pair initially tried to rally during the session on Tuesday, but only gained a few pips before turning back around and falling off of a cliff.
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The GBP/USD pair broke down during the session on Tuesday, and tested the 1.50 level. Towards the end of the session in order to determine that there was in fact support there yet again.
Gold prices dropped another $5.11 an ounce to $1161.48 yesterday, extending losses for a seventh straight session, as investors continued to price in expectations of a Fed rate hike as early as June.