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 WTI Crude Oil market had a positive session on Tuesday, as we continue to grind higher. Natural gas markets went sideways during the day on Tuesday, testing the $3.00 level.
The US dollar had a positive session during the day on Tuesday, breaking above the 112 level. The Australian dollar broke higher during the day, but turned right back around to form a bit of a shooting star.
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Gold prices rose $2.65 an ounce on Tuesday, moving away from a six-week low struck earlier this week, as a weaker dollar and losses in equity markets boosted the appeal of the precious metal as an alternative investment.
The EUR/USD pair initially tried to rally, breaking above the 1.12 handle. The British pound initially tried to rally during the day on Monday, but found enough resistance to turn around and drop towards the 1.27 handle.
The WTI Crude Oil market had a volatile session on Monday, using the $42.50 level for support. The natural gas market gapped higher at the open on Monday, slamming into the $3 level.
Bonuses & Promotions
The US dollar rallied significantly during the day on Monday, reaching towards the 111.75 level. The Australian dollar rallied during the day on Monday, reaching towards the 0.7650 level.
The S&P 500 rallied at the open on Monday, reaching towards the 2450 level. The NASDAQ 100 gave back quite a bit of the gains, and right now looks like we may get a little bit of a pullback.
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