Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of October 23, 2017.
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 October 23, 2017.
Get the Forex forecast for the week of October 23, 2017, featuring which pairs to pay close attention to during the week.
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The EUR/USD pair broke out during the trading session on Thursday, slicing above the 1.18 level above. The British pound initially tried to rally during the day on Thursday, but found the 1.3250 level to be resistive.
The US dollar fell significantly during the session on Thursday, reaching towards the 112 level. The Australian dollar rallied during the session on Thursday, reaching towards the highs from last week.
The S&P 500 initially fell during the Thursday session, but found enough support near the 2545 level to turn things around and rally significantly.
The WTI Crude Oil market fell during the day on Thursday, reaching towards the $51 level. Natural gas markets fell precipitously during the trading session on Thursday, reaching down to the $2.77 level.
Gold prices rose for the first time in four sessions and settled at $1289.76 an ounce as a softer dollar lent some support to the precious metal.
Get the AUD/USD Forex signal for October 19, 2017 here.
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Get the NZD/USD Forex signal for October 19, 2017 here.
Get the BTC/USD Forex signal for October 19, 2017 here.
The EUR/USD pair initially fell during the day on Wednesday, but found enough support to turn around and form a hammer.
The US dollar rallied significantly during the day on Wednesday, breaking the top of the shooting star from Tuesday, which is always a very bullish sign.
Crude oil markets got a bit of a boost during the session on Wednesday, as the inventory number was a lot more bullish than anticipated.
The S&P 500 rallied during the day on Wednesday, reaching towards the 2560 level. The NASDAQ 100 went back and forth during the day, but is a bit overbought anyway.