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 EUR/USD had a bumpy week last week and although it climbed as high as 1.3290, it managed to close the week lower than it opened at 1.3120 after falling as low as 1.3095. All of this adds up to a weekly inverted hammer formation, which followed the prior week's bearish engulfing candle.
Being Non-Farm Payroll Friday, it is going to always be a difficult trading session, but there are still things to take note of.
USD/CAD has been a choppy pair to trade lately. Most of the traders that I know who are enjoying it at the moment are short-term traders, or even scalpers by mature.
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While this pair isn’t one that a lot of traders pay attention to sometimes, it involves two major currencies.
Gold vs The Greenback (or XAU/USD) has again turned Bullish after falling almost 13,000 Pips since hitting a 3 month high on February 29 at 1790.50.
See how one trader used today's technical analysis to profit using a binary options platform.
Many analysts and experts estimated at the beginning of the week that US indices have started the aggressive correction that everyone was waiting for. See what's in store for the EUR/USD and whether it will rise or fall.
The EUR/USD pair has been very bearish over the last several sessions, and Thursday many be a catalyst for yet another move. The Greeks will announce the participation rate in their haircut process for their debt, and this could possibly move the markets in a violent way.
The AUD/USD pair fell a bit during the session on Wednesday as the “risk off” trade continued. The pair has been overly bullish for the longer-term, and this latest action was certainly countertrend.
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The USD/CHF pair has been overly bullish as of late, and the action on Wednesday was one of the first signs of a let up. See the full technical analysis here.
The AUD/USD has bounced off of the Weekly S2, the Daily Moving Average and a long standing trend-line originating in 2010 during today's trading in Asia in spite of the country losing over 15,000 jobs.
This EUR/USD signal can be helpful even if you didn't see the original signal, so check it out now.
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The US indices made the aggressive correction that the market has anticipated, but this does not necessary mean that we are going to see additional declines.