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 fell during the day on Thursday but bounced enough to form a little bit of a hammer. The British pound of course has been falling over the longer term and had a very negative session on Thursday.
Silver markets initially fell during the course of the day on Thursday, finding support near the $20 level.
The WTI Crude Oil market initially tried to fall during the session on Thursday, but turned right back around to form a hammer. The natural gas markets went back and forth during the course of the day on Thursday, but ended up forming a bit of a shooting star.
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Gold edged higher on Thursday, recovering a portion of the previous day’s losses, after the Bank of England cut interest rates to record lows and announced a stimulus program to support the country’s economy.
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The gold markets went back and forth during the course of the day on Wednesday, ultimately settling on a slightly negative candle. I believe that the longer-term outlook for gold is very bullish due to the concerns in the European Union, the United Kingdom, and quite frankly the fact that interest rates simply aren’t going anywhere anytime soon.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD pair broke down during the course of the day on Wednesday, as we continue to see a lot of volatility in this particular pair. The GBP/USD pair went back and forth during the course of the day on Wednesday, ultimately ended up forming a neutral candle.
The USD/JPY pair went back and forth during the course of the day on Wednesday, showing signs of support at roughly 101. The AUD/USD pair went back and forth during the course of the session on Wednesday, forming a relatively neutral candle.
The WTI Crude Oil market initially fell during the course of the session on Wednesday, but bounce significantly to reach well above the $40 handle. The natural gas markets rose during the course of the session here on Wednesday, breaking well above the $2.75 level.