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.
The USD/CAD pair initially fell during the session on Monday, but bounced enough to form a little bit of a hammer. What I find most interesting is that the 1.10 level continues to offer support, and thereby making it even more significant in my opinion.
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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.
Check out the weekly signal for the EUR/CAD pair here.
EUR/USD recovered from 1.3476 last week but as mentioned before, it's still kept inside a near term falling channel, and well below 1.3739 resistance.
Gold prices rose %1.9 over the course of the week as dull economic numbers out of the United States and skepticism about the sustainability of the stock market rally increased desire for the relative safety of gold.
Check out the Forex signal for the USD/JPY pair here.
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 rose during the session on Friday, as the general “risk on” rally continued despite very uninspiring jobs numbers out of the United States.
With the nonfarm payroll numbers coming out on Friday, the EUR/USD pair did in fact go back and forth quite a bit like one would expect.
The GBP/USD pair had a strong showing on Friday, after initially dipping down to the 1.63 handle. As we’ve seen over the last several sessions, this area has been very supportive, and on Friday it launched the market much higher.
Check out the weekly Forex forecast for the some of the major pairs here.
The XAU/USD pair was trading at the same level when I wrote yesterday's analysis. We have been going back and forth for the last 10 days roughly between the Fibonacci 23.6 and 38.2 levels (based on the bearish run from 1433.70 to 1182.35) as the market simply had no real catalyst to push prices in either direction.
