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 AUD/USD pair had a very strong showing on Tuesday, breaking the top of the somewhat supportive Monday candle.
The USD/CAD pair fell during the session on Tuesday, slicing through the 1.04 handle again.
The XAU/USD pair had an interesting day with the bulls and bears gaining and losing ground almost equally.
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The WTI Crude Oil markets fell initially during the session on Monday, but as you can see the $104.50 level offered far too much support for the sellers to break it down.
The EUR/USD pair initially fell on Monday, but found the 1.30 level supportive yet again, and we bounced in order to form the third hammer in a row.
The GBP/USD pair fell during the balance of the session on Monday, but as you can see the 1.50 level brought in the buyers, and has provided enough support in order to form a hammer for the session.
The NZD/USD pair had a back and forth session during Monday, eventually settling on printing a hammer.
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Technically, the action of the second half of last week has left EUR/USD with a bullish outlook, reflecting the market's change in sentiment regarding the USD.
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At about 18:00 GMT on 10th July, the price did reach 1.0450, and it immediately shot right back up by about 65 pips.
The XAU/USD pair ended the week higher as the American dollar encountered some selling pressure after Federal Reserve President Ben Bernanke signaled the central bank may not be as close to scaling back its monthly asset purchases as investors had imagined.
The WTI Crude Oil markets rose during the session on Friday, parking at the $106.23 level by the time the markets closed.
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Sign up to get the latest market updates and free signals directly to your inbox.While you weren't watching on Friday, the AUD/CAD pair broke down.
The USD/JPY pair seems to have firmed up a little bit during the Friday session, showing that the 99 handle continues to be important to the buyers.
The EUR/USD pair fell during the session on Friday, but what's important to me is the fact that the 1.30 level held as support.