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 fell during the session on Friday, breaking below the 0.7950 level. This of course is a fairly negative sign, as the downtrend seems to be in full effect, and should continue to extend much lower.
The EUR/CAD pair tried to fall during the session on Friday, but as you can see bounced and order to form a hammer.
The EUR/JPY pair fell during the course of the session on Friday, but as you can see we have been consolidating recently, and the red line at the 138 level has in fact offered support for some time now.
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Gold prices (XAU/USD) rose 0.46% over the course of the week and settled at $1320.26 an ounce on Friday. Without doubt last week’s main event was release of the government’s jobs report.
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Get the weekly Forex forecast for some of the major currency pairs for the week of July 6, 2014 here.
The WTI Crude Oil markets gapped to the downside during the session on Thursday, but found enough support at the $104 level to cause the market to form a little bit of a neutral candle.
The GBP/USD pair initially fell during the session on Thursday, but as you can see the 1.71 level has offered enough support to turn the market back around and form a nice-looking hammer.
Gold prices (XAU/USD) ended yesterday’s session with a loss as strength in global equities and the American dollar helped draw investors away from the shiny metal.
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The WTI Crude Oil market fell rather hard during the session on Wednesday, but with the nonfarm payroll number coming out later today it’s hard to believe that the market is ready to make any significant move, at least until it gets the results of that economic report.
The silver markets had a pretty volatile session all things considered during the day on Wednesday, especially considering that the nonfarm payroll number comes out later today.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD pair fell during most of the session on Wednesday, but as you can see found enough support at the 1.3650 level to bounce and form a bit of a hammer.
The TRY/JPY pair initially fell during the session on Wednesday, but found enough support at the 47.50 level in order to form a hammer.
The NZD/USD pair rose during the session on Wednesday, but remains below the vital 0.88 handle. This level has been resistive a couple of times now, but the fact that we continue to press up against it tells me that the market has already made up its mind as far as whether or not it wants to go higher.