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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Check out the Forex signal for the GBP/USD pair here.
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Although the XAU/USD pair found some support just above the 1213.40 level yesterday, the lack of momentum is certainly something to watch.
The EUR/USD pair rose for the session on Tuesday, but remained underneath the 1.36 handle by the time the market close.
The WTI Crude Oil markets took off to the upside during the session on Tuesday, breaking well above the $97 handle by the time the market closed.
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Check out where the EUR/USD pair is headed with this free Forex signal here.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the USD/JPY pair here.
The USD/CAD pair rallied during the session on Monday, to continue the move above the 1.06 handle. Now that we are comfortably above that level, I feel that this market has carte blanche to continue all the way to the 1.10 handle without too many issues.
The GBP/USD pair rallied during most of the session on Monday, but as you can see found so much resistance above the 1.64 handle that we ended up forming a wicked shooting star. Because of this, I think that the market will in fact pullback over the next several sessions, and this makes sense, as we have been so parabolic recently.