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 level of 1.3245 held as it was the low of the bullish reversal a few days ago, however this level held quite weakly.
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The XAU/USD pair ended yesterday's session higher than opening as the conditions in the marketplace have increased the precious metal’s safe-haven appeal.
It looks like were going higher sooner or later.
The NZD/USD pair rose during the session on Wednesday, breaking the top of the hammer from the Tuesday session, which is typically a nice buy signal.
The USD/JPY pair did very little during the session on Wednesday, but it did try to break above the 98 handle and failed.
The EUR/USD pair did very little during the session on Wednesday, as we continue to hover above the 1.32 support level.
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Looking to the future then, we can see by zooming out to a higher time frame that despite the triangle break out on the daily chart, our period of consolidation has not really come to a decisive end.
Looking to the future now, we are well within the long-term narrowing triangle, so we have no direction from any trend lines.
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Long GBP/JPY between 150.36 and 150.12 if the price reaches this level before Midnight GMT today.
Trade Recommendation for long-term profit. See details here.