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 West Texas Intermediate Crude Oil market broke down a bit during the trading session on Thursday, which is good news considering how we had been struggling
The silver markets have struggled a bit during the trading session on Thursday, initially shooting towards the $19.50 level before pulling back.
The gold market has pulled back a bit during the trading session on Thursday as we reached towards the $1800 level.
For the fourth consecutive day, the EUR/USD continues to correct upward with gains that pushed it towards the 1.1370 resistance, its highest level in a month, where it is stable around at the time of writing.
As expected, gold prices continued to achieve gains and have reached to $1797 an ounce, the highest level for in nine years, and is now closer than ever to the psychological resistance of $1,800 an ounce.
The GBP/USD gains that pushed it towards the 1.2636 resistance level may be temporary, as the British pound rose to a multi-week high against the US dollar.
As we expected in the previous analysis, the USD/JPY performance of moving in tight ranges for several sessions is awaiting a strong move in one direction or the other and was closer to continue the downtrend as long as it was holding below the 108.00 support.
The NASDAQ 100 has shown a significant amount of resiliency, despite the massive amounts of volatility that we see on a daily basis.
The British pound has now broken above the 200 day EMA, which of course is a very bullish sign.
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The US dollar initially rallied during the trading session on Wednesday but as you can see, we have seen a lot of exhaustion above the crucial ¥107.50 level.
The Australian dollar has rallied again during the trading session on Wednesday, testing the 0.70 level.
The S&P 500 rallied a bit during the trading session on Wednesday after we initially pulled back.
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The Euro continues to rally significantly, slamming into the 1.1350 region.
The past day of trading for the USD/MXN has produced a fairly solid range of 22.6400 to 22.8700 for the currency pair.