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 the analysis of the NZD/USD and EUR/USD trader profited on a binary options platform.
See why one DailyForex expert recommends selling this pair (and maybe selling aggressively!).
EUR/JPY started out strong on Friday but turned around late in the day, forming a shooting star. Get the full report here.
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The Kiwi dollar is probably one of the stronger commodity currencies as the RBNZ isn't looking to cut rates currently. Learn more here.
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The Greenback gained against Gold last week, or Gold weakend against the Greenback; however you look at it the pair XAU/USD dropped almost 300 pips last week and has started this week off by continuing to trade lower in Asian trading.
EUR/USD rose during the session on Thursday as we bounced off of the trend line that has been holding this market up since the early part of July. The Euro is one of my least favorite currencies, and as such I haven't been participating in this move higher.
GBP/USD rose during the session on Thursday, as we bounced off of the 1.60 handle in a show of strength. The fact that the Wednesday candle was a shooting star and we broke the top of it also suggests that we are starting to see a pickup of buyers as well.
The AUD/USD pair was bullish during the Thursday session, but like all other rallies that this pair has seen recently, the end of the day Saul profit-taking. The candle looks very much like a shooting star, and it is still well within the tolerance of what would be considered resistance from the bottom.
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The EUR/AUD Daily Chart has printed a perfect Pin Bar at a fairly strong level of support. Yesterday's price action saw the pair reach down below the 61.8% retracement level for the last leg of the recent Bullish run, and closed above the 50% level at 1.2575.
The EUR/USD pair found itself falling again on Wednesday as the sellers stepped into the market full force. The pair continues to suffer from uncertainty in the European Union, and with the European Finance Ministers seemingly getting nowhere this week it's likely that we could see continued pressure over the medium-term.
The USD CAD pair bounced on Wednesday in order to the back above the 0.98 handle. However, I see that there is quite a bit of noise all the way up to the 0.9950 level, and as such I would be hesitant to buy this pair.
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Last week EUR/CAD double topped at 1.2806 and began a bearish descent that lasted 3 days so far, with only yesterday being more Bullish. Get the full analysis here.