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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Netopia mobilPay, one of the biggest payment processors in Romania is trying to integrate Bitcoin as a form of payment for all of its merchants.
The EUR/USD pair initially rallied fairly significantly during the session on Tuesday, but the closer we get to the 1.25 level we begin to see quite a bit of selling pressure. Of course Tuesday was no different, and the market continues to struggle in that general vicinity.
The EUR/JPY pair fell rather hard during the session on Tuesday, but found quite a bit of support at the 156.50 level. With that, I feel that this market should continue to go higher, and that it will find buyers if we can break above the top of this hammer.
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Gold prices advanced 2.2% on Tuesday, extending their gains to a second straight session, as concerns over volatility in the global equities and strength in the Japanese yen increased demand for the precious metal's appeal.
Many analysts believe that one of the main reasons Bitcoin has so far not been adopted by the masses is due to its ongoing price fluctuations. At the beginning of the year Bitcoin was as high as $900 but as the year progressed prices plummeted to $400.
McDonald's Corporation (NYSE:MCD) might be in serious trouble after the fast food giant posted its biggest U.S. sales decline in 14 years. What analysts find most troubling is that it occurred in its prime market.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD pair showed signs of life below the 1.23 level during the Monday session as we turn things back around and form a little bit of a hammer.
The GBP/USD pair broke higher during the course of the day on Monday, but as you can see we are still within the previous consolidation area, and the 61.8% Fibonacci retracement from the longer-term move, it’s of course could be resistance as well.
The AUD/USD pair tried to rally during the session on Monday, but turn things back around to form a shooting star.