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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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Begin your new year with this EUR/USD signal from our expert trader, Fadi. Make your moves now.
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Although XAU/USD started the first trading day of 2013 lower, the pair has been climbing slowly during the Asian session. The pair traded as high as 1678.55 after the House of Representatives formally passed the fiscal cliff bill which will undo tax increases that took effect yesterday.
The EUR/USD pair is just about enough to make me fall asleep. This pair has been stuck in a relatively tight range recently, the question now is whether or not it is simply taking a rest before goes higher, or starting to run into significant resistance and about to turn lower.
The NZD/USD pair is one that is very risk sensitive. The action on Monday was certainly positive, and as such it shows that the markets expect some type of deal in the "fiscal cliff" talks coming out Washington DC.
The USD/CAD pair initially rose during the session on Monday as traders begin to worry about the fiscal talks going on in Washington DC. However, as the day wore on there came more and more signs of positive U.S. Congress dealing with the fiscal talks that have driven the headlines over the last couple of weeks.
Check out this free Forex signal for the GBP/NZD pair as the new year begins. If you are a swing or position trader this signal is for you!
XAU/USD (gold vs. the greenback) ended the final trading day of 2012 higher than opening on growing confidence a deal can be reached in the United States to avoid painful spending cuts and tax hikes which could seriously damage the economic recovery.
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According to the analysis of the USD/JPY and EUR/USD trader profited on a binary options platform.
XAU/USD printed a bearish candle on Friday but rose slightly on a weekly basis. It appears that prices established a support level at 1652 and a resistance at 1666 as market players are paying attention to U.S budget talks to see if lawmakers can reach a deal to avoid a series of spending cuts and tax hikes beginning on January 1st 2013.
The EUR/USD pair fell during the session on Friday, only to bounce off of the 1.3150 level. This level has served as support over the last two weeks, and previously was significant resistance.
The USD/JPY pair fell during the Friday session as the market finally salsa negativity. This pair has shot straight up from the 84 handle, and as an exclamation point to the situation we managed to gap up higher after the Christmas break.
The GBP/AUD pair has spent the better part of the last two weeks bouncing around the 1.55 handle. When look down upon through the prism of the longer-term charts, and this is a significant area, and the fact that we are finding support at this area does suggest that we should see higher prices.
Ring in the new year with this weekly forecast of some of the major Forex pairs. The markets may slow down this week but don't let that stop you.