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 Australian dollar has gone back and forth during the trading session on Wednesday, as we continue to hang around the 50 day EMA.
The West Texas Intermediate Crude Oil market has originally rallied during the trading session on Wednesday.
Bitcoin: Deeper bearish retracement
The natural gas markets initially tried to rally during the trading session on Wednesday, reaching towards the $2.20 level before pulling back to show signs of exhaustion.
GBPUSD: Ranging between 1.3050 and 1.3200
Gold markets initially shot straight through the roof based upon the Iranians sending a dozen or so missiles at US bases in Iraq.
Bitcoin initially shot higher during the trading session on Wednesday, reaching towards the trendline marked on the chart and looking very much like a market that was trying to break out.
After the GBP/SGD completed a breakout above its support zone, the downtrend ended.
Following a price spike in this currency pair, which led to a brief move above its short-term resistance zone, a bearish chart pattern emerged.
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Eurozone economic data, led by Germany, continues to show structural weakness.
Tensions between the US and Iran appear to be easing for now, and traders will be able to pay closer attention to fundamentals.
EURUSD: Weakly bearish below @1.1128
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Natural gas markets gapped higher to kick off the trading session on Tuesday, but then fell rather hard to not only fill the gap at break down below it.
The NASDAQ 100 is very likely to continue turning back and forth during the week, as we get the jobs figure in the United States at the beginning of Friday