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 initially fell during the course of the session on Wednesday, but ended up bouncing to form a hammer by the end of the day.
The AUD/USD pair fell during the course of the day on Wednesday, testing the 0.81 level. That being the case, it appears the market is ready to continue consolidating which I think truthfully runs from 0.80 on the bottom to the 0.83 region on the top.
Gold prices settled lower on Wednesday as investors cashed in recent gains after the market failed to breach the $1305 resistance level.
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We are now more than halfway through the first trading week after the Swiss National Bank’s shock announcement sent the CHF up about 15% against most other global currencies. Now that the dust is settling after the chaos, it is worth taking a look at how the CHF is shaping up now against its major pairs.
According to the analyses of the EUR/JPY and EUR/USD pairs, trader profited on a binary options platform. See how here for January 21, 2015.
Get the USD/JPY Forex signal for January 21, 2015 here.
Get the EUR/USD Forex signal for January 21, 2015 here.
Get the USD/CHF Forex signal for January 21, 2015 here.
Get the updates to Forex signal trades that were recommended in December 2014 here.
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The AUD/NZD pair had a positive session on Tuesday, breaking above the 1.0650 level. That’s a very bullish sign, and a market that has broken down significantly.
The EUR/USD pair tried to break higher during the course of the session on Tuesday again, but just like Monday, we ended up seen enough selling to turn things back around and form a shooting star.
The USD/SGD pair tried to break out during the course of the session on Tuesday, but as you can see the 1.34 level offered enough resistance to turn things back around and push the market lower.
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The USD/JPY pair initially dipped slightly during the session on Tuesday, but found enough buyers to continue higher. That being the case, we are testing the 119 level during the session, and it looks as if we could continue to go higher.
Gold prices ended higher on Tuesday, erasing all of the previous day's losses, as conditions in the market boosted the precious metal's safe-haven appeal.