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 gold markets are without a doubt going to be one of the more difficult market to deal with in the month of September. This is because of the concerns coming out of the Federal Reserve and whether or not they are going to taper off of quantitative easing.
The NZD/CHF pair is one that a lot of people don't pay attention to, which I believe is truly unfortunate. This is one of those pairs that is so lopsided in one direction that it makes a great tertiary indicator.
The GBP/CHF pair has been very sideways for some time now. However, many of you probably don't remember a time when this was a "risk on” type of currency pair. Get the forecast for the upcoming month here.
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The USD/JPY pair has been an interesting market to watch, simply because there are so many moving pieces at one point in time. Get the forecast for this pair here.
Gold prices settled lower yesterday as demand for the greenback increased after the Commerce Department's figures showed that the U.S. economy expanded more than estimated in the second quarter and the Labor Department reported that the number of people who filed for unemployment insurance payment for the first time fell more than forecast last week.
The WTI Crude Oil markets fell during the session on Thursday as you can see, but stopped right at the $108 level, the area that we broke out of the consolidation area. Because of this, I believe that this market is going to find support in this general vicinity, so that way I am not going to start shorting.
The EUR/USD pair fell hard during the session on Thursday, but as you can see we are still above the 1.32 handle. This is the area that I said had to be broke down in order for me to start shorting, and you will notice that we did get a little bit of support at the end of the day.
The GBP/USD pair fell during the session on Thursday, and if you have been reading my articles you know that I have been very interested in this general vicinity.
The NZD/USD pair went back and forth during the session on Thursday, but ultimately sold off. In the end, we are simply bouncing around just above the 0.77 handle, an area that has been very supportive.
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According to Christopher Lewis's analysis of GBP/USD and Crude Oil, trader profited on a binary options platform.
The price action over the last week has been very quiet, with the exception of last Friday's bearish pin bar/hammer.
During the few days that have passed since last week, we have had neither a daily close below 1.33 nor above 1.3415, so the jury is still out as to whether the bullish trend will continue or reverse. Get the full analysis for the EUR/USD here.
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Sign up to get the latest market updates and free signals directly to your inbox.It appears that the XAU/USD pair paused its ascent during the Asian session today level after five consecutive days of gains. Get the full analysis here.
The WTI Crude Oil markets rose during the session on Wednesday, but as you can see ran into far too much resistance above the $112 level in order to hang onto the gains. In fact, this market looks like it suddenly is running into serious trouble, at least for the moment.
The EUR/USD pair fell during the balance of the session on Wednesday, but as you can see got a little bit of a bounce in order to show some signs of support.