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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 rallied during the session on Wednesday, breaking clearly above the $70 level.
The EUR/USD pair went back and forth on Wednesday, showing signs of volatility yet again.
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The Bitcoin market initially fell against the US dollar on Wednesday but found enough support near the $9000 level to turn around and form a positive candle.
The S&P 500 rallied rather extensively during the trading session on Wednesday, breaking the major downtrend line that has been so negatively influential in this market.
The US dollar has initially rallied during the session on Wednesday but failed to break above the ¥110 level again.
The British Pound was trading close to a 4-month trough as FX traders await a policy decision from the Bank of England tomorrow.
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Get the USD/CAD Forex Signal for May 9, 2018 here.
The Bitcoin markets fell against the US dollar at the open on Tuesday, as it looks like we are testing the $9000 level underneath for support again.
The S&P 500 as you can see on the daily chart has pulled back slightly during the trading session on Tuesday.
The WTI market was very volatile during the trading session on Tuesday, as the markets prepared for Donald Trump to leave the Iranian deal.