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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 initially dropped a bit at the open on Wednesday, but found plenty of support and continued the rally that we have seen over the last couple of sessions.
The US dollar rallied yet again against the Japanese yen on Wednesday, as we now look set to test the vital 111 level.
Somehow, the S&P 500 found even more bullish pressure during the session on Wednesday. The NASDAQ 100 closed above the 6000 level for the first time on a daily chart during Wednesday’s trading.
Gold prices dropped $9.12 on Wednesday as the dollar extended its rally. Easing geopolitical concerns dulled desire for safe haven diversification and pushed major U.S. stock indexes to fresh records.
Gold edged higher on Tuesday, recovering a portion of the previous day’s losses, as the dollar pared gains.
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The EUR/USD pair fell a bit at the open on Tuesday, but turned around to form a hammer candle.
The S&P 500 had another bullish session on Tuesday, as we continue to reach toward the 2500 level.
The WTI Crude Oil market had a slightly negative open to the session on Tuesday, but turned around and formed a hammer to reinforce the hammer from the Monday session.