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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Gold prices ended Thursday’s session up $3.38 an ounce as a lower U.S. dollar index prompted a bit of buying interest in the gold market.
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The Euro rallied a bit during the trading session on Wednesday but continues to find trouble at the downtrend line I have marked on the chart.
The bitcoin markets did very little during the day on Wednesday, as we continue to struggle in general.
The US dollar has gone back and forth against the Japanese yen during trading on Wednesday, as we have tested a major downtrend line on the large symmetrical triangle that I have been paying so much attention to.
The WTI Crude Oil market exploded to the upside as Iranian embargo restrictions are put on, and of course the inventory drawl was slightly under expected, but was still strong.
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The S&P 500 did very little during the day on Wednesday, as we are hovering near the highs.
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Get the GBP/USD Forex signal for September 20, 2018 here.
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Gold prices rose $5.88 an ounce on Wednesday, benefiting from a weaker dollar.