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 USD/SEK pair had a very volatile session on Thursday, forming a very neutral candle.
The EUR/USD pair went back and forth during the course of the session on Thursday, forming a fairly choppy and neutral candle. The British pound fell during the course of the session on Thursday, but there is quite a bit of support just below, and as a result the 1.2850 level is the absolute “floor”.
The USD/JPY pair initially tried to rally during the course of the session on Thursday, but turned around to form a very long shooting star. The New Zealand dollar is highly leveraged to commodities, and that of course makes a bit of a “risk currency.”
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The WTI Crude Oil market went back and forth during the course of the session on Thursday, ultimately settling on a slightly positive candle. Natural gas markets fell during the day on Thursday, as we continue to bounce between the $2.90 level, and the $3 level above.
The S&P 500 fell rather drastically during the course of the session on Thursday, as we continue to find quite a bit of volatility. The market fell rather significantly during the course of the session on Thursday as well, but we bounced around to form a bit of a hammer, and that of course is a very bullish sign.
Gold prices dropped for a third session yesterday on the back of better-than-expected U.S. economic figures but recovered some of its losses after a drop in stocks outweighed the impacts of a stronger U.S. dollar.
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The EUR/USD pair went back and forth during the course of the day on Wednesday, as we simply cannot make heads nor tails of what the market wants to do. The British pound initially fell on Wednesday but turned around to find enough support to form a little bit of a hammer.
The USD/JPY pair rose slightly during the course of the session, but as you can see we did not hang onto much in the way of gains. The New Zealand dollar fell during the day on Wednesday, but turned around to form a bit of a hammer.