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/CHF daily chart is giving us an interesting question at the moment.
The next area of major resistance is more than 200 pips above where the price is now, so there is plenty of room for bullish continuation. Get the full analysis here.
If the price now rises significantly without making a new low, then we probably have, or we will have at least probably seen the best of this low. Get the full analysis here.
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The XAU/USD pair (Gold vs. the American Dollar) continued to sink yesterday and touched the lowest since August 9 during today's Asian session. The recent price action indicates that gold market participants are in a cautious mode ahead of the Federal Open Market Committee announcement and Fed Chairman Bernanke's press conference.
According to the EUR/USD and USD/JPY analyses, trader profited on a binary options platform. See how here.
Price rose bullishly into the resistance zone above 100.40 to 100.80, which was respected, with the price reaching a high of 100.60 last Wednesday.
A long trade was recommended at the retest of any daily low, and we can see that Thursday’s low of 1.3255 was hit on Friday, giving a maximum of 130 long pips with only a 2 pip draw down. Get the full analysis here.
Although gold prices started the week higher after former U.S. Treasury Secretary Lawrence Henry Summers announced that he was withdrawing his name from consideration for Fed Chief, the settlement was lower than opening.
Currently at 98.95 (9/16 12PM EST), the Pair is spot on its 50 SMA (98.72), as well at its 38.2% Fibonacci retracement level of 98.83. Get the full analysis here.
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Check out this weekly signal for the NZD/USD pair here.
According to the analyses of the GBP/USD and XAU/USD pairs, trader profited on a binary options platform. See how here.
We had another bullish week with a close very close to its high: a bullish sign. The close was also above 0.9300 which had previously contained an area that the price had struggled to break through.
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Sign up to get the latest market updates and free signals directly to your inbox.The XAU/USD pair closed the week lower than opening as waning likelihood of a military action against Syria and expectations that the quantitative easing program will be scaled back continued to weigh on the market.
The price opened last night with a sharp gap up over the resistance at 1.5875, and at the time of writing the gap has not been filled, in fact the pair has not traded lower than 1.5929, and a high of 1.5957 has already been made.
Gold printed a Daily Hammer aka Pin Bar on Friday. It did this off of the 50% Fibo retracement for the most recent move from the yearly low at 1180.28 to the August high at 1433.85.