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 USD/CAD pair tried to rally yet again during the Tuesday session, but as it has over the last three trading days, it simply found the 1.03 level to be far too resistive. Because of this, I feel that we are eventually going to see a pullback, and quite frankly and surprise we haven't seen it already.
The Kiwi (NZD/USD) has re-entered the ascending channel that it has been trading in since July 2012 after a brief hiatus to the downside, and apparently unsuccessful rally by the bears.
Check out this Forex signal for the XAU/USD pair and learn which direction it is headed for here.
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The WTI Crude markets fell during most of the session on Monday, but as you can see it got a significant bounce by the end of the session. This formed a hammer, and as a result a possible buying opportunity.
It appears that the XAU/USD pair found some support during the Asian session today after four consecutive days of losses. Although the pair has been suffering from strengthening U.S. dollar since October, the trading action is getting tight recently.
The EUR/USD pair fell during the session again on Monday, but as it did on Friday, it bounced back above the 1.30 level. The sellers simply couldn’t overcome the support level, and as a result it formed a hammer.
The EUR/JPY pair did almost nothing on Monday, but in the big scheme of things – I think that was telling us something. After all, we simply continue to grind sideways in this market, and the support from the 120 level has held true for several days.
The GBP/USD pair had a strong session on Monday, something that is a bit of an anomaly these days. This market has been dropping like a stone for some time now, and the fall to the 1.50 level has been stunning.
According to the analysis of the EUR/JPY and EUR/USD trader profited on a binary options platform.
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The Euro is very likely to continue the week under pressure much like the week before, as the lingering political situation in Italy weighs heavily on it. Get this special Euro piece exclusive for DailyForex.com readers here.
The start of a new month may mean new trading opportunities. Learn about the major Forex pairs here and see where they may be headed for the week ahead.
Begin your week with a trading signal for the USD/JPY pair from DailyForex.com
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For the third week in a row, the XAU/USD pair settled lower than opening. The pair rose Monday and Tuesday on expectations that Federal Reserve chief Ben Bernanke will defend the central bank's quantitative easing program.
The EUR/USD pair had another negative session on Friday, and even managed to break down below the 1.3000 handle. However, you can see that this market did provide some support in the general vicinity and we popped back over the 1.3000 handle by the time the close came.