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/GBP pair broke lower during the session on Friday, as the Euro continues to fall apart. The Euro sol selling across the board during the session on Friday, and this pair of course was no different.
Gold prices ended Friday's session up 1.35%, or $17.05, to settle at $1279.47 an ounce as disappointing U.S. economic data stoked speculations the U.S. central bank may hold interest rates extremely low for longer than previously thought.
Now that the Swiss National Bank removed the cap last Thursday, the Swiss Franc is back as an independent instrument in its own right. Find out what's next for the CHF here.
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The EUR/USD pair fell during the bulk of the session on Thursday, and sliced through the 1.16 level at one point.
The USD/CAD pair fell rather significantly during the session on Thursday, but found the 1.18 level to be just as supportive as I had anticipated.
Gold prices rallied Thursday to log their highest settlement in four months after prices got a boost from the SNB's decision to abandon its cap of 1.20 franc per euro.
According to the analyses of the USD/JPY and GBP/USD pairs, trader profited on a binary options platform. See how here for January 15, 2015.
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The EUR/USD pair continues to stagnate as we see the 1.18 level as been a bit of a magnet for price. Because of this, I don’t really have a whole lot that I want to do with this pair, at least not right now.
The USD/CAD pair tried to break above the 1.20 level during the session on Wednesday, but as you can see was repelled and ended up forming a fairly negative candle.
The USD/JPY pair initially fell during the session on Wednesday, but found enough support at the 160 level to turn things back around for a bit of a hammer.
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The GBP/CHF pair tried to break out during the course of the day on Wednesday, but as you can see the 1.55 level started offer quite a bit of resistance.
The GBP/USD pair broke higher during the course of the day on Wednesday, breaking the top of the hammer from both Monday and Tuesday, an extraordinarily bullish sign.