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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Get the GBP/USD Forex signal for March 17, 2015 here.
Get the EUR/USD Forex signal for March 17, 2015 here.
The EUR/USD pair broke higher during the session on Monday, but managed to find quite a bit of selling pressure near the 1.06 level, and therefore ended up forming a shooting star.
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The GBP/USD pair rallied during the session on Monday, jumping back above the 1.48 level. This was the bottom of a significant support zone, so I think that we are more than likely going to see quite a bit of resistance all the way back to the 1.50 handle.
The USD/CHF pair initially fell during the course of the session on Monday, but found enough support just above the parity level to turn things back around and form a hammer.
The USD/JPY pair initially fell during the course of the session on Monday, but as you can see found enough support at the 121 level to turn things back around to form a hammer.
The AUD/USD pair tried to rally during the course of the session on Monday, but found the 0.77 level to be a bit too resistive. With that, we ended up turning back around and forming a shooting star.
Gold prices settled lower on Tuesday but remained within the range of the previous 4 trading sessions. Not surprisingly, markets are in a cautious mode ahead of the Federal Reserve’s two-day policy meeting which begins today.
According to the analysis of the NZD/USD and EUR/USD, trader profited using a binary options platform. Find out how here for March 16, 2015.
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Get the USD/JPY Forex signal for March 16, 2015 here.
Get the GBP/USD Forex signal for March 16, 2015 here.
Get the EUR/USD Forex signal for March 16, 2015 here.
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The EUR/USD pair fell during the session on Friday again, testing the 1.05 level. At one point during the day, we actually broke below that level, which of course for me is a very negative sign.
The NZD/USD pair fell during the session on Friday, as the US dollar strengthened against many of its counterparts.