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 Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 6, 2017.
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The EUR/USD pair fell hard during the day on Thursday, as a continues to test the 1.05 level for support. The British pound fell a bit during the day on Thursday as well, as we continue to fall in general.
Oil markets fell significantly during the Thursday session, reaching down to the 50-day exponential moving average. Natural gas markets had a choppy day on Thursday, as the $2.75 level continues to be a bit of a magnet for price.
The US dollar rallied against the Japanese yen during the day on Thursday, as it took off against almost everything.
The S&P 500 fell slightly during the day on Thursday, but quite frankly after the run we’ve had it’s not a huge surprise.
Gold markets fell initially on Wednesday, showing quite a bit of negativity.
The EUR/USD pair fell during the day on Wednesday, testing the 1.05 level for support. The GBP/USD pair broke down during the day on Wednesday, slicing below the 1.24 level significantly.
The WTI Crude Oil market initially rallied on Wednesday, but continued to find resistance near the $54.50 level. The natural gas markets had a slightly positive session on Wednesday, clearing the $2.75 level.
Bonuses & Promotions
The USD/JPY pair broke higher during the session on Wednesday, clearing the top of the hammer from the Tuesday session which of course is a strong buying signal.
The S&P 500 showed signs of real strength during the day on Wednesday, as we touched the 2400 level. The NASDAQ 100 broke higher as well, reaching towards the 5400 level.
Get the NZD/USD Forex signal for March 2, 2017 here.
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