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 EUR/USD pair originally gapped lower at the open on Monday, after the news broke that deposits in Cypriot banks would be used in order to pay back a bailout that the country needs.
The USD/JPY pair gapped lower at the open on Monday as news came out about the issues in the Cypriot banking system. The fact that the government was willing to tax individuals and their deposit accounts forced mass selling of risk assets.
The GBP/USD pair had a back and forth session on Monday, as the rest of the currency markets seem to be more volatile by the hour. With the problems being focused on in Cyprus, it seems that the markets had forgotten about the economic issues facing the United Kingdom, even if it was just for a day.
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Check out this projected market movement for GBP from Andrew Keene, only at DailyForex.com.
Last week, Norges Bank left interest rates untouched at its meeting while projecting the first rates hike to likely be in March 2014. Check out this weekly outlook for the EUR/NOK pair here from the experts at 24bulls.
If you are curious about the major pairs and what may be in store for them this coming week, check out this Forex forecast and learn how last week's activities will impact your trading these next few days.
Begin your week with a Forex signal for the EUR/NZD pair that is currently heading upwards. Make your moves now.
The WTI Crude market had a good showing on Friday as the bullishness in this market continued. The market rose during the session, mainly pushed along by weakness in the US dollar. As the market is priced in US dollars, it makes sense that we see more of them needed to buy this commodity.
The XAU/USD pair closed the session slightly higher than opening but remained within the last 3 days trading range. Gold prices gained some ground against the greenback after a series of weaker than expected economic data out of the United States increased investors' appetite for the shiny metal.
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The EUR/USD pair had a positive session on Friday, as the 1.30 level continued to offer support. The market has been attracted to this level more than once, and the idea that this market could continue to consolidate around this area is no real stretch of imagination.
The GBP/USD pair rose during the majority of the session on Friday, only to turn back around and fall in the US afternoon session. This move was rather quick, and as a result, the markets formed a shooting star.
The EUR/JPY pair had an interesting week over the last several sessions, and Friday wasn’t any different. The 125 level acted as resistance as one would expect, but gave the buyers enough trouble to form the shooting star for the day that you see.
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Sign up to get the latest market updates and free signals directly to your inbox.The AUD/CHF has printed a Weekly Pin Bar Reversal. The Pin Bar Reversal, for those that don't know already is an excellent trading tool when it forms at a key Support or Resistance Level as is the case with this weeks's AUD/CHF.
Check out this EUR/USD Forex forecast for the second quarter here as it is fast approaching. The experts at DailyForex.com have all the information you need to be prepared.
The second quarter of 2013 is approaching and the experts at DailyForex.com have all the information you need to be prepared. Check out this Forex forecast for the USD/CHF pair here and stay ahead of the game.