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 GBP/USD pair has been falling rather precipitously for some time now, but over the last couple of weeks we have seen the first hints of possible support.
The USD/CAD pair initially fell during the session on Thursday, but as the Americans were way to celebrate Thanksgiving, this pair sliced through the 1.13 level as Canadian dollar weakness continued.
The AUD/USD pair fell during the session on Thursday, as the Americans were away for the Thanksgiving holiday. Nonetheless, this is in line with the overall downtrend anyway, so I don’t really look at this as being overly remarkable.
The USD/JPY pair rose during the Thursday session as we continue to see bullishness overall in this particular market. Keep in mind that Thursday was also Thanksgiving in the United States, so the liquidity would not have been as strong as usual.
The EUR/JPY pair did very little during the Thursday session as the Americans were away at holiday, and the rest the world simply did not move the ball very far.
The USD/INR pair fell during the session on Thursday, as we continue to walk along the trend line higher. The market has been rather bullish but I am starting to be a little bit concerned about the trend.
Oil prices, oil-related shares and oil-linked currencies all tumbled in Asia on Friday, in the wake of OPEC's decision to refrain from cutting output despite a huge oversupply.
Gold continued to retreat from a three-week high struck last Friday, as the strength of the dollar helped push the metal down another $7 to $1190.
According to the latest figures from Eurostat, a shade over 10% of the European workforce is idle.
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Payward Inc, one of the leading Bitcoin exchanges stated that it will assist the recently collapsed Mt. Gox, on investigating the loss of hundreds of thousands of Bitcoins and manage the process of paying back its creditors.
Netflix, Inc. (NASDAQ:NFLX) is in the midst of legal proceedings against Mike Kail its former vice president of information technology operations, accusing him of fraud, breaching his fiduciary and a host of other charges.
Check out the GBP/USD Forex signal for November 27, 2014 here.
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The EUR/USD pair rallied during the session on Wednesday, breaking back above the 1.25 level during the day. However, I believe that there is a massive amount of resistance at the 1.26 level.
The GBP/USD pair broke higher during the course of the day on Wednesday, clearing the resistance that we had seen recently, and tested that the 1.58 level.