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 broke above the 120 level during the trading session on Monday, as it appears that we are ready to continue going much higher. The US stock indices all are at the highs, or essentially close enough to it in order for us to feel positive about this particular currency pair.
Get the USD/JPY Forex signal for December 23, 2014 here.
Get the GBP/USD Forex signal for December 23, 2014 here.
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Check out the EUR/USD Forex signal for December 23, 2014 here.
Gold prices fell 1.5% yesterday, extending their losses to a second straight session, as the dollar rally eroded the appeal of the precious metal.
Check out the USD/JPY Forex signal for December 22, 2014 here.
Get the GBP/USD Forex signal for December 22, 2014 here.
Get the EUR/USD Forex signal for December 22, 2014 here.
The EUR/USD pair fell again during the session on Friday, as we made a fresh new low. This of course signifies that the sellers are coming back into the marketplace, and should continue to push the value of the Euro lower.
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The USD/JPY pair initially fell during the course of the session on Friday, but as you can see we found enough support to turn things back around and form a hammer.
The EUR/CAD pair initially tried to rally during the course of the session on Friday, but as you can see turned back around above the 1.4250 level.
The NZD/USD pair fell during the course of the session on Friday, almost completely taking back all of the gains from the Thursday session. This tells me that the market still is going to continue to struggle going higher.
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The XAU/USD pair posted first weekly loss in three weeks and settled at $1195.71 per ounce. A stronger dollar and the rebound in equity markets worldwide drew some investors away from gold.
Get the forecast for some of the major Forex currency pairs for the week of December 22, 2014 here.