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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Australian economic data showed an acceleration in the manufacturing recession, but an increase in annualized building approvals.
GBP/USD: Pivotal support level at 1.3141
EUR/USD: No long or medium-term trend
The Euro fell during the month for the most part, reaching down towards the 1.10 level, an area that has been pretty significant support over the last several months.
The British pound has exploded to the upside during the last week of the month, as January ended up being very bullish.
The United States dollar has had a complete turnaround during the month of January against the Chinese Yuan, as the market initially broke down,
The British pound initially fell during the month, but as you can see it has been rather resilient.
The New Zealand dollar has gotten absolutely crushed against most currencies around the world. See what's in store for February here.
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The British pound initially fell during the trading session on Thursday but found enough support at the uptrend line yet again to turn around and rally.
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The US dollar has pulled back a bit against the Japanese yen during the trading session on Thursday, reaching towards the ¥108.50 level.
The NASDAQ 100 broke lower during the trading session, reaching towards the 9000 level, an area that I suggested that would be supportive