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 attempted to rally through the 1.57 level on Monday, but got swatted back down in order to form a shooting star.
EUR/USD continued that the upward pressure as the 1.2350 level was broken during the session. However Monday also saw half of the gains evaporate by the time the Americans went home.
According to the analysis of the NZD/USD and EUR/USD trader profited on a binary options platform.
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NZD/USD fell for most of the session on Friday as the “risk off” trade came back into play. However, as they normally do – the Americans picked up the risk as the Europeans went home for the weekend.
CHF/JPY isn’t a pair that a lot of people talk about, but I think that it is because they don’t understand that although both are “safe haven” currencies, they don’t have to move in tandem.
EUR/USD fell most of the session on Friday but managed a bit of a pop in the later hours as the Americans took control. This pattern has been repeated over and over – the Asians and Europeans sell the Euro, and the Americans are willing to buy it off of them.
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USD/CAD fell during the session on Thursday to continue the remarkable downward pressure that this market has seen over the last several sessions. Remember, we have broken the bottom of a downtrend channel, and this suggests that momentum is certainly picking up for the sellers in this market.
GBP/NZD fell slightly during the session on Thursday, as it ran into resistance around the 1.93 level. The area was support recently, and as such it looks like it should continue to be resistance as typical technical analysis dictates.
EUR/USD fell during the session on Thursday, as we continue to pick away at the 1.23 level. The area is acting as support currently, and as such we see the real battle lines being drawn in this general vicinity.
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Sign up to get the latest market updates and free signals directly to your inbox.According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.
The USD/CAD, or just plain old Loonie to us Canucks, has broken out of the descending channel it has been running in since the end of May.
AUD/USD had a relatively quiet session on Wednesday as the pair flirts with the 1.06 level. We're also at the top of an up trending channel, and as such it looks as if we are finally running into significant resistance.