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 broke down rather significantly during the trading session in what would have been one of the more volatile days we’ve seen recently.
The US dollar fell significantly during the trading session on Wednesday but filled the gap and then found buyers.
The attached chart is the hourly timeframe, which is much shorter than I typically show you here at Daily Forex.
NZDUSD analysis: Too even to call
AUDUSD analysis: 0.6940 still held by bulls
USDJPY: Looking more bearish as 108.75 holds
Bitcoin: Bottoming from $7,463
USDCAD: 1.3300 likely to be day’s pivotal point
USDCHF Analysis: Still consolidating around 0.9900
Bonuses & Promotions
GBPUSD: Weak support at 1.2696
EURUSD: Remains bullish above 1.1293
The Euro initially fell during the trading session on Tuesday but found buyers later in the day as we continue to grind towards the 1.1350 level.
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The WTI Crude Oil market shot higher initially to kick off the day on Tuesday, as we attempt to reach towards the $55 level, which of course is psychologically important.
The S&P 500 initially rallied during the trading session on Tuesday, breaking above the 2900 level during the day.