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 WTI Crude Oil markets fell during the session on Thursday, finding plenty of support down at the $100 level though. The resulting action caused a hammer to form, and now I am getting more and more bullish of this contract.
The EUR/USD pair shot straight through the 1.38 level during the session on Thursday, as the European Central Bank suggested that it wasn’t going to do anything to loosen monetary policy anytime soon.
The USD/CAD pair fell during the session on Thursday, slicing through the 1.10 level. Although this is a fairly significant round number, I believe that it is simply the beginning of support, and that it runs down to the 1.09 handle.
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Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
The WTI Crude Oil markets fell hard on Wednesday, testing the $101 level for support. While the level did hold, it seems to be threatened significantly, and I feel that this market is probably going to continue to fall a bit.
The EUR/USD pair fell during the majority of the session on Wednesday, but found enough support to bounce and form a hammer.
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Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
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Sign up to get the latest market updates and free signals directly to your inbox.The NZD/USD pair rose during the session on Tuesday, slamming into the 0.84 level. This is an area though, that has caused a significant amount of trouble for the buyers in this market.
The USD/JPY pair rose during the session on Tuesday, bouncing off of the bottom of what has been a fairly reliable consolidation area.
The EUR/USD pair try to rally during the session on Tuesday, but as you can see the 1.38 level has offered resistance yet again.