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/USD pair did very little during the session to define itself during the day on Thursday, as we simply went sideways.
The USD/JPY pair broke out above the 107.50 level during the session on Thursday, which of course is a very significant resistance barrier.
The GBP/AUD pair fell initially during the course of the day on Thursday, but for the second day in a row ended up bouncing enough to form a nice-looking hammer. The hammer is sitting at the 1.83 level, which of course is a supportive level.
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The EUR/GBP pair initially broke higher during the course of the day on Thursday, but as you can see the 0.79 level offered enough selling resistance to push the market back down and form something along the lines of a shooting star.
The GBP/USD pair fell initially during the session on Thursday, but as you can see found quite a bit of support at the all-important 1.60 handle.
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The EUR/USD pair fell during the course of the day on Wednesday, breaking an uptrend line which for me triggers a bearish flag.
The NZD/USD pair broke lower during the session on Wednesday, breaking the bottom of a shooting star from Tuesday.
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The USD/JPY pair initially fell during the session on Tuesday, but we found enough buyers below the 107 level to turn things back around and form a fairly positive looking candle.
The USD/CAD pair fell during the totality of the session on Tuesday, but found the 1.12 level to be supportive enough to turn things back around and bring buyers into the marketplace.