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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16 Asian countries are close to signing an ASEAN trade pact which will be the largest in the world;
USDCAD: Level at 1.3120 looks pivotal today
USDCHF Analysis: Strongly supported around 0.9800
GBPUSD: Weakly bullish above 1.2920
EURUSD: Bullish above 1.1128
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The Euro has rallied it during the month of October, as we continue to chop back and forth.
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For the first time since working here at Daily Forex, I am covering the US dollar against the Chinese Yuan because it is such an important currency pair that unfortunately far too many retail traders ignore.
The British pound has rallied a bit over the last 30 days as October was very kind to Sterling.
The US dollar has rallied during the month of October against the Japanese yen but started to stall once we got closer to the 61.8% Fibonacci retracement level at the ¥109.50 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The British pound has rallied significantly during the month of October as fears of a “no deal Brexit” are starting to subside a little bit.
Third-quarter earnings season has been solid, but the global economy continues to slow down with manufacturing in most regions already in a recession.
After the US Federal Reserve cut interest rates by 25 basis points in a move which was expected, it also announced that a pause may be warranted and another cut should not be taken for granted.