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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Check out the Forex signal for the USD/JPY pair here.
Check out the Forex signal for the EUR/USD pair here.
Check out the Forex signal for the GBP/USD pair here.
The WTI Crude Oil markets fell during the session on Tuesday, breaking well below the $100 level by the end of the day.
The EUR/USD pair broke above the highs from the Monday session on Tuesday, but as you can see found hanging onto the gains to be a bit difficult by the end of the day. We didn’t quite form a shooting star, but this candle suggests to me that we are still looking at a market that is going to struggle to go much higher.
The CAD/JPY pair broke higher during the session on Tuesday, and cleared the top of the shooting star for Monday, which of course is a very bullish sign.
The USD/CAD pair fell during the session on Tuesday, but as you can see found the 1.10 level to be supportive enough to keep the market somewhat afloat.
Check out the Forex signal for the EUR/USD pair here.
The XAU/USD pair continued to sink yesterday and hit its lowest level since February 11.
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The WTI Crude Oil market fell during most of the session on Monday, but as you can see found enough support near the $101 level to turn things back around and print a hammer for the day.
The EUR/USD pair had a very volatile session on Monday, essentially banging around in a fairly sizable range, but at the end of the day gaining just a slight amount.
The USD/JPY pair rose during the session on Monday, slicing through the 103 handle. While this is in fact a bit of a breakout, I see a significant amount of resistance all the way up to the 103.50 level.
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The EUR/USD pair has been grinding in a choppy manner to the upside for some time now, but what has concerned me about this pair is that there is no real clear movement in one direction or the other, except for the rare occasion.
The NZD/JPY pair has been very strong over the last month, and there is nothing on this weekly chart that suggests that it will continue to be. In fact, towards the end of March it broke out again, and it appears that we are heading to the 90 handle in short order.