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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Get the EUR/USD Forex Signal for May 2, 2018 here.
Gold prices dropped $11.09 an ounce on Tuesday, pushed down by a stronger dollar.
The EUR/USD pair broke down during Tuesday trading, as we have sliced through the bottom of a hammer, that we formed several days ago.
Bitcoin didn’t do much during training on Tuesday, as we continue to hang around the $9000 level.
The S&P 500 had a rough trading session initially on Tuesday, as we reached to much lower levels, but found the area just above the daily trendline to be supportive enough to turn things around and form a hammer.
The WTI Crude Oil market fell during trading on Tuesday, testing the $67 level for support.
The US dollar has rallied again during the trading session on Tuesday, reaching towards the 110 handle.
Get the NZD/USD Forex signal for May 1, 2018 here.
Get the AUD/USD Forex signal for May 1, 2018 here.
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Get the BTC/USD Forex signal for May 1, 2018 here.
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Get the USD/CAD Forex signal for May 1, 2018 here.
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Get the EUR/USD Forex signal for May 1, 2018 here.
The market started the week on the back foot, suffering a loss of $7.53 an ounce, as the dollar’s strength continued to put downward pressure on the price of the precious metal.