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 WTI Crude Oil market had a pretty strong showing during the session on Tuesday, but towards the end of the day did show some weakness to close at roughly $95.00.
Recently the XAU/USD pair has been continuously held in check by the key 1400 resistance. Yesterday's trading session was no different than the last nine days.
The battle between the EURO and Kiwi rages on with the pair passing the bearish/bullish torch back and forth with enough regularity since April to form a very clear 4 hour ascending channel.
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The EUR/USD pair fell rather hard during the session on Tuesday, breaking the bottom of the shooting star that had formed on Friday.
The GBP/USD pair fell hard during the session on Tuesday as the British pound continues to pick up bashing.
The AUD/USD pair tried to rally during the session on Tuesday, but as you can see failed breaking above the 0.9650 level.
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The WTI Crude Oil markets barely budge during the session on Monday, as the Americans were away on Memorial Day holiday.
Gold prices (XAU/USD) rose slightly on Monday as concerns about volatility in the global equities and recent strength in the Japanese yen increased the precious metal's appeal.
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The EUR/CAD has been trading into a triangle formation on the daily chart which last Friday produced a Bearish Pin Bar Reversal candle. The high also formed the third touch in a potential descending trendline.
The EUR/USD pair did almost nothing during the session on Monday, which of course would have been much of surprise as the Americans were away on Memorial Day holiday, and the Brits were celebrating something known as the "Spring Bank Holiday."
The USD/JPY pair did almost nothing during the session on Monday, mainly because of the lack of liquidity that we would've seen coming out of both America and the United Kingdom.
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The XAU/USD pair rose for the week but the bulls continued to encounter heavy resistance around the 1400 level.
The USD/JPY pair fell during reckless trading on Friday, pulling back to the 101 handle.