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 USD/JPY pair looks as if it’s finally broken out significantly over the course of the last several weeks. However, the market breaking above the 105 level of course is a very positive sign but there’s still the matter of the 110 level.
Check out the Forex forecast for some of the major currency pairs here, for the week of September 28, 2014.
The AUD/USD pair fell hard during the course of the day on Thursday, breaking below the 0.88 level.
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Gold prices settled higher on Thursday, rebounding from an eight-month low, with the metal’s attractiveness as a safe-haven asset in the wake of a sharp drop in U.S. equities offsetting pressure from strength in the American dollar.
The USD/CAD pair tried to break down during the session on Wednesday, but as you can see struggled just above the 1.11 level during the course of the day.
The EUR/USD pair broke hard to the downside during the session on Wednesday, breaking below the 1.28 level, an area that has in fact been rather supportive.
The EUR/JPY pair fell during the course of the day on Wednesday, but as you can see found enough support near the 139 level to turn things back around and form a beautiful looking hammer.
The EUR/GBP pair went back and forth during the course of the day on Wednesday, essentially hovering just above the 0.78 handle at the end of the day.
The XAU/USD pair (Gold vs. the American dollar) closed yesterday's session with a loss, erasing most of the gains in the previous session, as the bulls failed to overcome the resistance level at 1225/9.
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BTC/USD had a very strong session yesterday on the back of news that Bitcoin Start-up BitPay had announced a partnership with payments company PayPal to integrate their services.
The XAU/USD pair (Gold vs. the American dollar) scored a gain of 0.7% on Tuesday as better-than-expected Chinese manufacturing data developments in the Middle East combined to provide support to the precious metal.
The EUR/USD pair tried to rally during the course of the day on Tuesday, but as you can see found quite a bit of resistance at the 1.29 handle.
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The USD/JPY pair fell hard during the course of the day on Tuesday, but somewhere near the 108.25 level ended up finding enough support to turn things back around and form a nice-looking hammer.
The AUD/USD pair tried to rally during the session on Tuesday, but found enough resistance near the 0.8950 level to turn things back around and form a shooting star.