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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USD/CAD tends to be one of the more difficult pairs to predict technically. Nevertheless some clear conclusions can be drawn.
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Pennants tend to indicate continuation, suggesting that over the very long-term, GBP/USD will continue to fall.
The WTI Crude Oil markets had a positive session on Friday as the nonfarm payroll numbers came out showing that the Americans added 195,000 jobs to the economy in June.
The USD/JPY pair initially fell during the session on Friday, but the release of the nonfarm payroll numbers juiced the market enough to push this pair well above the 101 level.
The GBP/USD pair fell hard during the Friday session, smashing through the 1.50 level like it wasn't even there.
The EUR/USD pair fell on Friday again as the US nonfarm payroll numbers came out stronger than anticipated.
The major focus of the last trading day of the week was encouraging employment data out of the world's biggest economy.
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Check out the forecast for the week on some of the major Forex pairs here.
The XAU/USD pair ended the yesterday's session with a small loss but remained within the last three days trading range.
The WTI Crude Oil markets did very little during the session on Thursday, as one would expect as the Americans celebrated Independence Day.
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With the Bank of Japan continuing its quantitative easing program, it's almost impossible to imagine a Yen that continues to gain in value overall.
The USD/CAD pair had a pretty volatile session on Thursday, but you have to keep in mind that the pair is mainly traded between American and Canadian traders at best, so obviously most of the volume is done in North America.