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 May 25, 2017 here.
Get the EUR/USD Forex signal for May 25, 2017 here.
Gold prices ended Wednesday’s session up $7.28 as the dollar weakened after the minutes of the Federal Reserve’s latest policy meeting showed some central bankers were watching for evidence.
Get the NZD/USD Forex signal for May 24, 2017 here.
Get the AUD/USD Forex signal for May 24, 2017 here.
Get the USD/JPY Forex signal for May 24, 2017 here.
The EUR/USD pair pulled back from the 1.12 level, as we have been a bit overbought as of late. The British pound initially rally during the day on Tuesday but found the area above the 1.30 level to be a bit resistive, as we fell again.
The USD/JPY pair initially fell during the day on Tuesday, but found enough support near the 110.70 level to turn around and form a supportive looking candle.
The S&P 500 initially fell during the day on Tuesday, but found enough support below to turn things around and form a hammer. The NASDAQ 100 has also recaptured most of the losses, and it’s only a matter of time before we break out to the upside.
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The WTI Crude Oil market initially fell during the session on Tuesday, but found the bottom of the gap supportive as one would expect, and then bounced significantly.
Get the USD/CAD Forex signal for May 24, 2017 here.
Get the USD/CHF Forex signal for May 24, 2017 here.
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Get the EUR/USD Forex signal for May 24, 2017 here.
Gold prices fell $9.20 an ounce yesterday, erasing the gains made in the previous session, as the dollar strengthened and traders locked in profits ahead of the release of the minutes from the Federal Reserve’s May 2-3 policy meeting.