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 S&P 500 gapped a bit lower during the trading session on Thursday to kick everything off, found buyers to turn around and break above the 3000 handle, and then broke down rather massively.
Gold markets exploded to the upside after initially pulling back on Thursday due to Donald Trump tweeting yet again.
As expected, the US Federal Reserve cut US interest rates by a quarter point, despite that the US dollar recorded strong gains against other major currencies, as the vote on the cut was not unanimous among the bank's monetary policy members.
The performance of the pound against major currencies will interact with the announcement of the Bank of England announcement of its monetary policy
Stronger gains for the US dollar after the Federal Reserve announced its monetary policy supported stronger losses of gold, pushing it to $1404 support level an ounce
The US Federal Reserve, as expected, announced cutting US interest rates for the first time in 10 years by a quarter point,
NZDUSD: Psychological level at 0.6500 not far below
AUDUSD: Long-term low at 0.6827?
USDJPY: Bullish breakout to new 2-month high price
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The Euro broke down below the 1.11 level during the trading session on Wednesday, after the Federal Reserve had cut interest rates by 25 basis points but did not sound like they were ready to continue cutting in a long sequence of moves.
Bitcoin markets rallied during the trading session on Wednesday, showing signs of support at the uptrend line just below.
The NASDAQ 100 fell rather hard during the trading session on Wednesday, slicing through the 7900 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The WTI Crude Oil market originally shot higher during the trading session on Wednesday but found enough trouble at the 200 day EMA to roll over and show signs of weakness yet again.
The S&P 500 got hammered during the trading session on Wednesday after the Federal Reserve interest rate cut, and more importantly the statement.
Bitcoin: $10,204 the pivotal point