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 AUD/USD pair fell during the course of the day on Friday, as the nonfarm payroll numbers came out stronger than anticipated in the United States. With that, I feel that this market is ready to continue its next leg lower, possibly down to the 0.80 handle.
Although Japan is to a big player in the Bitcoin marketplace, being the first country to open its doors to Bitcoin entrepreneurs, the Japanese government is starting to be cautious and wanting to learn more about the crypto-currency, thanks to Mt. Gox filing for bankruptcy.
Sexism allegations forced The Coca-Cola Co (NYSE:KO)’s milk brand Fairlife to ditch its ad campaign following an uproar on social media.
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Academic studies have shown that the most reliable way to determine future price movements from past price movements, is by use of momentum. Check out the weekly forecast for December 7, 2014 here.
Get the Forex forecast for some major currency pairs like the EUR/USD, GBP/USD and more for the week of December 7, 2014 here.
The EUR/USD pair fell after initially rallying during the session on Thursday. It appears of the 1.25 level is going to continue to be rather resistive, and as a result we should see the sellers step back into the marketplace.
The USD/JPY pair stopped at the 120 handle as it prepares for the nonfarm payroll announcement. That announcement of course will be crucial as his pair always react strongly during in one direction or the other.
The XAU/USD pair closed the day slightly lower that opening but remained within the trading range of the previous two days.
Facebook Inc.(NASDAQ:FB) has partnered with IT security firm Eset in a deal that will accord users with a free anti-malware software, which should help Facebook and its users find and detect potential malware running on user PCs.
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Liberty Teller, the MassChallenge startup that opened four Bitcoin ATM machines around the Boston area, has rebranded itself into LibertyX and will now allow users to purchase the digital currency around 2,500 locations in 33 states across the country.
Get the USD/JPY Forex signal for December 4, 2014 here.
Check out the EUR/USD Forex signal for December 4, 2014 here.
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The EUR/USD pair broke down during the session on Wednesday, breaking below the 1.24 region. Because of that, it appears that the market is ready to continue going lower, and as a result I believe that the Euro is going to continue falling not only today, but probably Friday as well.
The AUD/USD pair tried to rally during the course of the day on Wednesday, but fell back down to fire off a shooting star shaped candle. A shooting star at the bottom of a large downtrend tells us that the market try to go higher, but simply failed.