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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 EUR/USD pair tried to rally during the day on Tuesday, but gave back most of the gains, to form a bit of a shooting star.
The WTI Crude Oil market initially fell during the trading session on Tuesday, reaching towards the 20 day exponential moving average.
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The S&P 500 rose slightly during the trading session on Tuesday, as we continue to bumble around above the 2550 handle.
The US dollar rallied against the Japanese yen on Tuesday, as we gained most of the losses from the previous session.
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Gold prices ended Tuesday’s session down $5.34 as gains in equity markets dented the appeal of the safe-haven metal.
Check out the NZD/USD Forex signal for October 24, 2017 here.
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The EUR/USD pair gapped lower at the open on Monday, as the US dollar continues to show strength. The British pound had a volatile session on Monday as well, and as we go into the Tuesday session it looks like we are likely to reach towards the 1.3250 level above.