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 initially tried to rally during the course of the day on Thursday, but turned around to form a bit of a shooting star. The British pound tried to rally during the course of the session on Thursday, but then turned around to fall initially.
The S&P 500 went back and forth during the course of the session on Thursday, forming a neutral candle. The NASDAQ 100 tried to rally during the course of the session on Thursday, but still sees quite a bit of resistance near the 4900 level.
The WTI Crude Oil market bounced off of the $49 level during the course of the day on Thursday, but found resistance at the $50 level above. The natural gas markets of been extraordinarily volatile over the last 24 hours, but it looks as if we are hovering around the $3 level.
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The USD/JPY pair initially fell during the day on Thursday, but found enough support yet again to continue going higher. The New Zealand dollar initially tried to rally during the day on Thursday, but turn right back around to form a very negative candle.
Gold prices edged slightly higher on Thursday, helped by weaker-than-anticipated U.S. durable goods orders data, but remained within the trading range of the past six days.
The EUR/USD pair initially tried to rally during the course of the session on Wednesday, but turned around to form a massive shooting star. The British pound rose slightly during the course of the session on Wednesday, as we continue to bounce around in general.
The S&P 500 went back and forth during the day on Wednesday, forming a big neutral candle. The NASDAQ 100 did fall a bit during the day on Wednesday, but I see quite a bit of support just below.
The USD/JPY pair initially fell on Wednesday, but turned around to form a rather positive candle. The Australian dollar initially tried to rally during the course of the session, but turn right back around to form a shooting star.
During the day on Wednesday, the crude oil market tried to rally but we found the $50 level be far too resistive. The natural gas markets initially fell during the course of the session on Wednesday, but turned right back around to form a bit of a hammer.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices dropped $6.82 an ounce yesterday, giving up most of the gains made in the previous session, as optimistic U.S. economic data bolstered the case for the Federal Reserve to raise interest rates in coming months.
The Euro initially fell during the day on Tuesday but bounced enough to form a little bit of a hammer. The GBP/USD pair also fell on Tuesday, but then formed a bit of a hammer as well.
The WTI Crude Oil market went back and forth during the day on Tuesday but ultimately formed a slightly negative candle. The natural gas markets continue to look very soft, as we have completely fallen apart over the last 5 or 6 sessions.