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 Christopher Lewis analysis of the EUR/USD and GBP/USD, one trader profited on a binary options platform. See how here.
Momentum is strong so it is possible to trade pullbacks long.
This candle did not only close below yesterday's open, it also closed below yesterday's low, making it an outside bearish reversal.
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The GBP/USD printed a daily Hammer, or Pin Bar off of previous highs set back in June when the pair topped out at 1.5751 and the Weekly R1 at 1.5717.
The WTI Crude Oil markets fell during the session on Wednesday, as the Federal Reserve released the minutes from the last meeting suggesting that more of the board members were in agreement with Mr. Bernanke than originally thought.
The XAU/USD pair closed lower than opening as the American dollar gained some strength across the board after the existing home sales data released from the United States came out better than expected and minutes from the Federal Open Market Committee’s July 30-31 meeting failed to reduce the risk of a September taper.
The EUR/USD pair fell during the session on Wednesday, as the Federal Reserve released minutes from the last meeting suggesting that many of the members were on board with Ben Bernanke’s timeline of quantitative easing being tapered off of.
I saw that this shooting star appeared just below the 1.5750 level, an area that I fully expect to see act as resistance.
The actual price action over the last week is very inconclusive, there is really nothing to say about these daily candles except there is some support at around 97.00 and some resistance at around 98.00.
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Yesterday we finally did get a strong close above the trend line.
Gold prices ended yesterday's session higher after bouncing off of the 1352.37 level which converges with the Kijun-sen line (twenty six-day moving average, green line) on the 4-hour time frame.
The WTI Crude Oil markets fell rather significantly during the session on Tuesday, parking just above the $105 level.
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Sign up to get the latest market updates and free signals directly to your inbox.This pair is highly leveraged to what's going on in Asia so we will have to watch numbers out of China as well as other countries in the region such as Japan and Indonesia.
The EUR/USD pair rose during the session on Tuesday, breaking above the 1.34 level, an area that I've been calling for in order to start buying.
The EUR/CHF pair has been essentially broken for ages.