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 EUR/USD pair rose during the course of the day on Friday, but as you can see still struggles with the 1.30 level as resistance.
Check out the weekly Forex forecast for September 15, 2014 here.
The GBP/USD pair initially fell during the day on Friday, but as you can see the 1.62 level offered enough support to turn things back around and form a hammer.
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Silver markets fell during the session on Friday again, but did something that has me thinking that taking a bit of risk at this point might be worth it.
The USD/JPY pair rose again during the session on Friday, to continue the absolutely parabolic move that we have seen over the last several sessions.
The AUD/USD pair fell again during the session on Friday, heading towards the 0.90 level in the process.
Gold prices settled at $1229.24, dropping 3.04% over the course of the week, as strength in the U.S. dollar and equity markets outweighed geopolitical tensions.
The XAU/USD pair continued to sink during yesterday's session and touched its lowest level since January 23 as the American dollar maintained its strength across the board on growing conviction that the U.S. Federal Reserve will begin altering its monetary policy sooner than previously thought.
The WTI Crude Oil markets initially fell during the course of the session on Thursday game, but as you can see below the $91.00 level we got quite a bit of buying pressure. In fact, we had enough buying pressure to turn things back around and form a nice-looking candle that is shaped basically like a hammer.
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The EUR/USD pair did very little during the course of the day on Thursday, as we continue to meander just above the 1.29 handle. I believe that this market will continue to struggle overall, and as you can see on the chart I have put to resistance lines up on it.
The silver markets as you can see fell hard during the course of the day on Thursday, breaking below the $18.70 level at one point during the day. The candle for the session is relatively bearish, although we did get a little bit of a bounce from below.
The USD/NOK pair is one that a lot of you will not normally trade, unfortunately pushed away by a larger than usual spreads. However, you have to keep in mind that the PIP value is much lower than what you are used to dealing with.
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BTC/USD opened at $477.87 and continued to gain till $492 before settling down to trade at $477.87. Get the full forecast for BTC/USD for September 11, 2014 here.
Check out the USD/JPY Forex signal for September 11, 2014