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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According to the analysis of USD/JPY and EUR/USD pairs, trader profited on a binary options trading platform. See how here
The XAU/USD pair closed lower than opening on Wednesday as the American dollar gained some traction after the durable goods orders and flash services PMI figures came in slightly better than expected.
The WTI Crude Oil markets rose during the session on Wednesday, but most importantly closed above the $100 level. This is an area that has caused quite a bit of trouble for the WTI Crude Oil markets recently, and closing above it is in fact as far as I can tell a positive sign.
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The EUR/USD pair fell during the session on Wednesday, but remains well within the consolidation area that we have seen over the last week or so.
The GBP/USD pair initially fell during the session on Wednesday, but as you can see the 1.65 level did offer support. This support was strong enough to send the market higher, and form a pretty positive looking candle.
The USD/JPY pair fell during the session on Wednesday, testing the 102 level. However, you can see that we did get a little bit of a bounce towards the end of the session although it wasn’t enough to form a hammer or anything.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
The XAU/USD pair (Gold vs. the American dollar) ended yesterday's session with a small gain as G7 nations threatened Russia with tougher economic sanctions. Lately falling prices put the precious metal back in the spotlights.
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The WTI Crude Oil markets went back and forth on the session for Tuesday, as we continue to hover around the $99 handle. This is the epicenter of trading action at the moment as we had recently broke out above the $99 level, but as you can see we really can’t pick up enough momentum to break above the $100 level.
The EUR/USD pair initially fell during the session on Tuesday, going as low as the 1.3750 area. This area caused the market to bounce, and in the end formed a nice-looking hammer.
The GBP/USD pair broke higher during the session on Tuesday, using the 1.65 level as a springboard, as we broke above the top of the range from the Monday session.
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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.