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 Euro fell rather hard during the course of the day on Thursday, crashing into the 1.1150 level. The GBP/USD pair broke down during the day on Thursday, testing the 1.26 level.
Gold prices fell for an eighth consecutive day as upbeat U.S. economic data fed expectations that the Federal Reserve could raise interest rates in coming months.
The EUR/GBP pair initially tried to rally during the day on Wednesday, but as you can see struggled near the 0.855 level.
The EUR/USD pair went back and forth during the course of the day on Wednesday, as we continue to see quite a bit of volatility. The GBP/USD pair initially fell during the course of the session on Wednesday, but then turn right back around to form a bit of a hammer, and because of this it’s likely that the market will trying to bounce towards the 1.2850 level.
The WTI Crude Oil market rose slightly during the course of the day on Wednesday, slamming into the $50 level. The natural gas markets initially fell during the course of the day on Wednesday, but turned right back around to break above the $3 handle.
The US dollar initially fell during the day on Wednesday, but found buyers yet again against the Japanese yen. The Australian dollar went back and forth during the day on Wednesday, hovering around the 0.7625 levels.
The S&P 500 rallied a bit during the course of the day on Wednesday, as we continue to bang around in this general vicinity. The NASDAQ 100 broke higher during the day on Wednesday, using the 4840 level as support.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/CHF pair is a very risk sensitive currency pair. Is because of this that I watch this pair quite often, and the fact that we have been falling for some time is not much of a surprise.
The EUR/USD pair went back and forth during the course of the session, forming a very volatile and neutral candle. The British pound broke down rather significantly during the day on Tuesday, finally clearing the 1.2850 level to the downside.
The S&P 500 initially tried to rally during the day on Tuesday but fell rather significantly as we now look like the sellers are starting to make a bit of a statement. The NASDAQ 100 initially rallied during the course of the session on Tuesday, but turned right back around to fall towards the bottom of the support level at 4840 or so.