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 WTI Crude Oil markets fell during the session on Monday, testing the $101 level for support. This area of course has been supportive in the past, as well as resistance.
The EUR/USD pair went back and forth during the session on Monday, essentially settling nothing. This market could be looked at in several different ways, but I’m choosing to look at it from a longer-term perspective.
The USD/JPY pair initially fell during the session on Monday, but as you can see found enough support below the 103 level in order to turn things back around and form a hammer.
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The EUR/JPY pair did very little during the session on Monday, but he did remain above the 143 level, which was the most important thing for me.
The NZD/USD pair fell most of the session on Monday, but as you can see bounced enough to form a hammer. This of course is a bullish sign, but we have a shooting star the day before so that tells me that there is more or less a bit of confusion.
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Check out the Forex signal for the USD/JPY pair here.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
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The XAU/USD pair closed Friday's session lower than opening but remained within the previous four days trading range. Gold prices rose 0.6% over the course of the week as investors turned to the relative safety of the precious metal.
The WTI Crude Oil markets rose during the session on Friday, as the nonfarm payroll numbers come out just a little bit better than anticipated.
The EUR/USD pair rallied during the session on Friday, but gave back quite a bit of the gains after the nonfarm payroll number came out better than anticipated.
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Sign up to get the latest market updates and free signals directly to your inbox.The NZD/USD pair rose during the session on Friday, but as you can see the 0.85 level offered far too much in the way of resistance.
Check out the weekly Forex forecast for the major pairs here.
The WTI Crude Oil markets fell during the session on Thursday, finding plenty of support down at the $100 level though. The resulting action caused a hammer to form, and now I am getting more and more bullish of this contract.