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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Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
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Check out the weekly signal for the EUR/USD pair here.
The XAU/USD pair (Gold vs. the American dollar) scored a gain of 0.76% yesterday as safe-haven demand continued to lure some investors back into the market.
The WTI Crude Oil markets found strength during the session on Monday, but it should be noted that the session would have been weighted towards the Asian and European time frames, as the Americans celebrated President’s Day, therefore limiting the liquidity during part of the session.
The EUR/USD pair tried to rally for the Monday session, but as you can see pulled back at the 1.37 region. With this, the market formed a shooting star. This shooting star is placed at an interesting place for me, as the 1.37 level has offered resistance lately.
The cable took off to the upside originally during the session on Monday, but as you can see failed at the 1.68 level. The pullback formed a shooting star, and although this is a very bearish signal, I feel that the market really can’t be sold at this point as we have recently broken out.
The EUR/JPY pair rose during the session after initially falling on Monday, but remains below the 140 level. It’s at the 140 level that I see a significant amount of resistance, so we need to get above there in order to start buying again.
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In a battle of safe havens, the CHF/JPY pair makes for an interesting trade at times. It very rarely moves rapidly, but is more of a “slow grind” as it tends to trend for very long periods of time.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
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The XAU/USD pair (Gold vs. the American dollar) had a positive week as weakness in the U.S. dollar helped prices boost their momentum.
The WTI Crude Oil markets fell during most of the session on Friday, but as you can see bounced hard enough to form a hammer. Over the last five sessions, we have seen four hammers and one shooting star.