Gold prices settled higher on Wednesday as market players shifted their attention to upcoming speeches by Federal Reserve officials.
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 fell during the day, testing the 1.0750 level. The British pound continues to be volatile in general, but I believe it’s only a matter of time before the buyers return every time we fall.
The S&P 500 had a positive session on Wednesday, as we continue to grind higher. The NASDAQ 100 rallied during the session, reaching towards the 5425 level.
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The WTI Crude Oil market rallied during the day on Wednesday as the Crude Oil Inventories announcement was “less bad” than originally expected.
The USD/JPY pair initially fell on Wednesday, but found enough bullish pressure to turn things around and form a hammer.
Get the NZD/USD Forex Signal for March 29, 2017 here.
Get the AUD/USD Forex Signal for March 29, 2017 here.
Get the USD/JPY Forex Signal for March 29, 2017 here.
Get the USD/CAD Forex Signal for March 29, 2017 here.
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Get the USD/CHF Forex Signal for March 29, 2017 here.
Get the GBP/USD Forex Signal for March 29, 2017 here.
Get the EUR/USD Forex Signal for March 29, 2017 here.
Gold prices dropped $2.33 yesterday as global stock markets and the dollar rose on stronger-than-expected U.S. economic data.
The S&P 500 initially dipped at the open on Tuesday, but ended up breaking above the top of the hammer from Monday and that is a very bullish sign. The NASDAQ 100 look very strong during the day as we pulled back just enough to touch the 20 day exponential moving average and continue to go much higher.
The WTI Crude Oil market had a wild day as we initially fell, but found enough support near the $47.90 level to break above the top of the hammer from the previous session. Natural gas markets initially fell during the day on Tuesday but found the $3.00 level to be supportive enough to turn things around.