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 rallied significantly during the trading session on Thursday as the markets continue to see bullish pressure due to the idea of a softening Federal Reserve.
The WTI Crude Oil market exploded to the upside, breaking above the vital $55 level that I had talked about yesterday.
The US dollar has collapsed against the Japanese yen as the Federal Reserve looks very unlikely to take a hawkish stance anytime soon.
The Gold markets gapped higher at the open on Thursday, and then shot towards the $1400 level.
NZDUSD analysis: Firm bullish move within long-term range
AUDUSD analysis: Downtrend in doubt after strong bullish move
USDJPY: Bearish breakout below 108.00
Bitcoin: Bullish consolidation above $8,893 still holding
USDCAD: Bearish trend starting to really get going
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USDCHF Analysis: Strong Franc but long-term choppy range
GBPUSD: Strongly short-term bullish
EURUSD: More bullish above 1.1251
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro shot higher during the trading session on Wednesday as we finally got the Federal Reserve statement.
Looking at the Bitcoin chart, it’s easy to suggest that not much happened during the trading session on Wednesday.
The WTI Crude Oil market broke down a bit during the trading session initially on Wednesday but turned around of form a bit of a hammer.