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 EUR/USD pair here.
Gold prices settled lower yesterday, extending losses to second straight session, as easing fears of a wider conflict stemming from Russia and Ukraine dented the previous metal's safe-haven appeal.
The WTI Crude Oil markets had a positive session on Tuesday, as we took back most of the losses for the session on Monday.
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The EUR/USD pair initially fell during the session on Tuesday, but as you can see found enough support below the 1.39 level to turn things back around and form a nice-looking hammer.
The GBP/USD pair fell during the session on Tuesday, but found enough support below the 1.66 level in order to turn back around and form a hammer. The hammer of course suggests to me that we are going to continue to consolidate just above, and as a result could go as high as the 1.68 level.
The NZD/USD pair broke to the upside during the session on Tuesday, breaking the top of the shooting star from late last week.
The CHF/JPY pair fell during the session on Tuesday, but found the 116 level to be supportive enough to push things back and form something along the lines of a hammer.
According to the analyses of EUR/USD and crude oil, trader profited on a binary options trading platform. See how here
Gold declined for the first time in six sessions on technical selling and signs of stabilization in the risk environment.
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The WTI Crude Oil markets fell hard during the session on Monday, but as you can see found the $97 level to be supportive. We bounce slightly from that level, and as a result I’m not too surprised if this market continues to consolidate in the short-term.
The EUR/USD pair went back and forth during the session on Monday, printing a slightly positive candle but at the end of the day didn’t show much in the way of conviction as far as its bullishness.
Check out the Forex signal for the USD/JPY pair here.
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According to the analyses of EUR/USD and crude oil, trader profited on a binary options trading platform. See how here
Check out the Forex signal for the EUR/USD pair here.