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 GBP/USD Forex Signal for February 22, 2018 here.
Get the EUR/USD Forex signal for February 22, 2018 here.
The EUR/USD pair has rallied initially during the trading session on Wednesday, breaking above the 1.2350 level initially, before rolling over.
The US dollar fell initially during the trading session on Wednesday but found enough support underneath the 107.50 level to turn around and form a hammer.
The Bitcoin market fell during the trading session on Wednesday, reaching towards the $10,400 level.
The S&P 500 has initially tried to rally a bit during the session on Wednesday, but as the FOMC Meeting Minutes came out, the market rolled over and break down below the 2700 level.
The WTI Crude Oil market fell slightly during the trading session on Wednesday, as we continue to struggle going higher.
Gold prices fell for a fourth straight session on Wednesday to settle at their lowest level in a week as the dollar strengthened after minutes from the latest Federal Reserve Open Market Committee meeting showed that policymakers backed further interest rate hikes.
Get the NZD/USD Forex signal for February 21, 2018 here.
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Get the AUD/USD Forex signal for February 21, 2018 here.
Get the BTC/USD Forex signal for February 21, 2018 here.
Get the USD/JPY Forex signal for February 21, 2018 here.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD lost a significant amount of momentum after the initial rally on Tuesday, breaking down to the 61.8% Fibonacci retracement level of the most recent move higher.
Bitcoin rallied against the US dollar on Tuesday, as Americans came back to work. We gained over 4%, which of course is a bullish sign.
The WTI Crude Oil market touched the 20 SMA on the daily chart, and perhaps more importantly, the uptrend line that had previously offered so much support.