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 USD/JPY pair rose during the session on Wednesday, breaking above the 102 handle. This of course is a bullish sign but we did break down a little reporting of the day.
According to the analysis of EUR/USD and gold, trader profited on a binary options trading platform. See how here
Here are the updates to trades we recommended in February 2014 as well as March 2014:
Check out the Forex signal for the USD/JPY pair here.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
The XAU/USD pair fell to its lowest level in five days after breaking below the 1312 support level triggered a sell-off. The XAU/USD pair traded as low as $1286.05 an ounce, which happens to be the 50% retracement level based on the bullish run from 1182.35 to 1392.04.
The WTI Crude Oil markets initially session on Monday, but as you can see turned back around at the 104.50 level.
The USD/JPY pair rose during the session on Monday, as the 101.25 level has offered support yet again.
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The NZD/USD pair fell initially during the session on Monday, dipping down below the 0.8650 level.
The GBP/USD pair fell initially during the session on Monday, but found enough support below the 1.67 handle in order to turn things back around and form a hammer.
The EUR/USD pair fell during the session on Monday after initially gapping lower.
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Sign up to get the latest market updates and free signals directly to your inbox.The XAU/USD pair (Gold vs. the American dollar) scored a gain of 0.64% on increasing demand for protection against volatility in the global equities and turmoil in Ukraine.
In currency markets, the driving factor continues to be the changing policy stance that we have seen in the US Federal Reserve. Broad economic data in most regions of the world (with China and the Eurozone being notable exceptions) has been positive and stable.
Although the XAU/USD pair settled lower on the last trading day of the week, the weekly candle was still positive. Gold prices rose 1.1% over the course of the week as investors continued to shift money from equities to gold.