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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The WTI Crude Oil market tried to rally during the trading session on Wednesday, reaching towards the 50 day EMA which is on the chart.
Bitcoin has tried to find support during the trading session on Wednesday, reaching down towards the 50 day EMA, as it is sitting right at the uptrend line as well.
The S&P 500 has pulled back a bit during the trading session on Wednesday but found support underneath the psychologically and structurally important 3000 handle.
Natural gas markets have broken down significantly during the trading session on Wednesday, reaching towards the $2.20 level and closing towards the bottom of the overall range.
The US dollar initially fell against the Japanese yen during the trading session on Wednesday but found plenty of buyers near the ¥108 level.
Bitcoin: Bulls testing resistance above $10,000 again
USDCAD: Very pivotal point at 1.3164
USDCHF Analysis: Direction now very unclear
GBPUSD: Triangular consolidation centred on 1.2500
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EURUSD: Bears approaching long-term low price
The Euro fell again during the trading session on Wednesday, as we await the European Central Bank interest rate announcement and press conference during the day on Thursday.
The Australian dollar has broken down again during the trading session on Friday, slicing through the 50 day EMA.
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Sign up to get the latest market updates and free signals directly to your inbox.The British pound initially rallied during the trading session on Wednesday, to break above the 1.25 level.
Gold markets have initially tried to rally during the trading session, felt towards the trendline and then bounced again.
Silver: Bulls testing 1-year high above $16.50