Learn where some of the major Forex pairs are headed for the week of April 7, 2014 with this weekly forecast here.
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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Gold gave up some of its earlier gains against the American dollar during Thursday's session but as you can see the market is still trapped within the last four days' trading range.
The WTI Crude Oil markets rose during the session on Thursday, breaking the top of the hammer from the Wednesday session. This of course is a very bullish sign, and as a result I believe that this market will continue to go higher.
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The EUR/USD pair fell after initially trying to rally during the session on Thursday. The market found the 1.38 level be far too resistive, and then simply fell back down to the 1.37 level.
According to the analysis of NZD/USD and crude oil, trader profited on a binary options trading platform. See how here
During the month of March, four of the signals given were triggered, producing an overall profit of 0.25%. Learn all about it here.
The XAU/USD pair (Gold vs. the American dollar) closed yesterday's session higher than opening after two consecutive days of losses. It seems like falling prices lured some buyers back to the market.
The WTI Crude Oil markets fell during the majority of the session on Wednesday, but found the $99 handle to be significantly supportive to cause the market to bounce and form a hammer.
Check out the Forex signal for the USD/JPY pair here.
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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 EUR/USD pair try to rally during the session on Wednesday, but as you can see the 1.38 level offered far too much in the way of resistance.
The NZD/USD pair fell during the bulk of the session on Wednesday, but as you can see we’re still above the 0.85 handle, an area that I have thought for some time to be rather supportive.
According to the analysis of USD/CAD and crude oil, trader profited on a binary options trading platform. See how here
Gold prices continued to fall yesterday as the bulls failed to overcome the resistance level at 1289. Gold traded as low as $1277.60 an ounce after figures released from the Institute for Supply Management showed that its index of manufacturing activity climbed to 53.7 from 53.2 a month earlier.