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 S&P 500 rallied during the course of the session on Thursday, bouncing off of the 1880 level. The NASDAQ 100 bounced significantly at the 4130 level to turn things around and test 4300.
Gold prices fell for the fourth time in five days as a stronger dollar and a rebound in stock markets dimmed the appeal of the precious metal as an alternative investment.
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The CHF/JPY markets have been very bearish for quite some time, and as a result we broke through the 119 level.
The EUR/USD pair initially fell during the day on Wednesday, but found enough support at the 1.08 level to turn things around and form a slightly positive candle. The GBP/USD pair fell significantly during the day on Wednesday, but turned back around to form a bit of a hammer.
The USD/JPY pair fell during the course of the day on Wednesday as the 118.50 level continues offer significant resistance. The AUD/USD pair continues to look very bearish as we sold off during the session on Wednesday.
During the day on Wednesday, the market rose significantly, reaching towards the 1950 level in order to find quite a bit of resistance. The NASDAQ 100 initially tried to rally as well, but struggled to break above the 4360 handle, so the market ended up turning back around and breaking through the vital 4200 level.
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The WTI Crude Oil market initially tried to rally during the course of the session on Wednesday, but found the $32 level to be far too resistive to continue to go higher. The natural gas market initially tried to rally during the course of the session on Wednesday, but found quite a bit of resistance at the $2.35 level.
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Gold prices rose on Wednesday, breaking a three-session losing streak, as the rout in global stocks fueled demand for the perceived safety of the metal.