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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EUR/USD attempted to rally during the Tuesday session, but was left wanting to say the least. The candle at the end of the day looks like a shooting star, and the only thing that looks like support at this point in time is the fact that the Monday session was a hammer.
Keep up to date on the EUR/USD pair following the signals that have been previously posted. Good luck.
According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.
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After the RBA announced that it would leave the interest rate untouched at 3.5% the AUD/USD spiked to 1.0602, the highest it has been against the USD since March of this year, before pulling back and printing a Pin Bar Reversal on the 1 hour chart off of the Daily R1 at 1.0590.
EUR/GBP had a fairly quiet session by the time the close of Monday came. However, it doesn’t mean that there wasn’t some kind of action.
The AUD/USD pair had a fairly neutral session for the Monday trading day. This pair had recently smashed through a fairly resistive level in the form of the 1.05 handle, and the previous candles form last week that formed shooting stars had me think this pair was going to fall.
The EUR/USD pair fell for most of the session on Monday, essentially as a reaction to the explosive move on Friday. Certainly, with all of the controversy surrounding the European Union, the massive move in the Euro would have been thought to have been a little overdone.
According to the analysis of the AUD/USD and EUR/JPY trader profited on a binary options platform.
Last week showed some good moves for a few pairs, and not such great moves for others. Included was the ECB meeting and nonfarm payroll. See what's in store for the majors this week and plan your trading accordingly.
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For the second week in a row the USD/JPY Weekly chart printed a hammer style candle with long tails testing the waters below 78.50 but failing to close below the open and resulting in slightly bullish candles for each week.
EUR/JPY had a strong and impressive rally during the Friday session as the US jobs figures came out much stronger than expected, showing an addition of 165,000 jobs during the month of July.
AUD/USD had a stellar session on Friday as the jobs number got the "risk on" party started. Truth be known, the European markets actually look relatively healthy for the session ahead of that important economic announcement anyway.
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Sign up to get the latest market updates and free signals directly to your inbox.EUR/USD had a stellar session during the Friday trading day as nonfarm payroll numbers came out much better than expected. This led to a "risk on rally" that as usual had the Euro going higher.
Get the signal follow up from Friday's EUR/USD Signal. See how the pair did and what is recommended next.
The Euro had a rough week. See our signals expert's recommendation for the the EUR/USD pair.