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 GBP/USD pair tried to rally during the bulk of the session on Thursday, but as we approached the 1.69 level, sellers came back into the marketplace to push the British pound back down.
The EUR/CAD pair rose during the session on Thursday, but as you can see found resistance at the 1.5250 level again, in order to pull back and form a shooting star.
Gold weakened against the American dollar for a third session on Wednesday after the Federal Reserve announced that it will cut monthly purchases by another $10 billion to $45 billion.
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The XAU/USD pair fell for a second day as the bulls failed to clear trend line resistance around the 1300 level.
The WTI Crude Oil markets tried to rally during the bulk of the session on Tuesday, but as you can see found enough resistance near the $102 level to keep the market somewhat soft.
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Check out the Forex signal for USD/JPY pair here.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY pair rallied during the session on Tuesday, but as you can see a back most of the gains in order to form a perfect shooting star.
The USD/CAD pair broke down pretty hard during the session on Tuesday, and quite frankly surprised me a bit. I feel that breaking below the 1.10 level is a sign of the seller starting to gain control, but at the end of the day I still believe that there is plenty of support only down to the 1.09-ish area.
The EUR/USD pair has been in a gradual grind higher over the last couple of years. However, it’s been a very choppy pair in general, so anyone expecting some type of easy trade is probably deluding themselves.