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/CAD pair rose during the course of the session on Tuesday, slamming into the 1.12 level during the day. We did close just above there, but we slammed and sliced enough for me to be comfortable thinking that this market will in fact break out to the upside.
The GBP/CHF pair broke higher during the course of the day on Tuesday, slicing through the 1.55 level at one point during the trading session.
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BTC/USD continued to remain in a strong downtrend in yesterday’s trading session. The digital currency post breaking below the all-important support zone at $380 has been unable to climb above the mentioned level.
Check out the GBP/USD Forex signal for September 30, 2014 here.
Check out the USD/JPY Forex signal for September 30, 2014 here.
Check out the EUR/USD Forex signal for September 30, 2014 here.
The WTI Crude Oil markets fell initially during the session on Monday, but found support just below the $93.00 level in order to turn things back around and go much higher.
The EUR/USD pair tried to rally during the day on Monday, but as you can see failed at the 1.27 level. The resistance at that area caused a shooting star to form, which of course is a fairly negative candle at the bottom of a downtrend.
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The SGD/CHF pair is one that I like to follow to get a grasp on risk appetite around the world. After all, the Singapore dollar is considered to be an emerging market currency, and a way to play Asian growth.
The USD/CAD pair fell initially during the session on Monday, testing the 1.1150 region. However, we managed to turn things back around and bounce enough to form a nice-looking hammer.
The EUR/GBP pair initially tried to rally during the course of the day on Monday, but as you can see pullback in order to form a significant looking shooting star. The shooting star sits just above the 0.78 level, which has been supportive recently.
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Gold prices suffered a monthly loss of nearly 5.5% as a rally in the U.S. dollar and gains in the major stock markets dulled the precious metal's attractiveness.
Despite Friday's bearish price action, gold prices ended the week slightly higher and settled at $1217.66 an ounce. The major focus of the last trading day of the week was encouraging economic data out of the world's biggest economy.