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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Gold prices rose for a third day in a row but remain coiled within the recent trading range as stock markets regained strength from an upturn in crude oil.
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Get the USD/JPY Forex Signal for February 25, 2016.
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The USD/JPY pair initially fell during the day on Wednesday, but found enough support at the lows again to turn things back around. The AUD/USD pair initially fell during the course of the session on Wednesday, but turned back around to form a rather supportive looking candle.
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The EUR/USD pair went back and forth during the course of the session on Wednesday, and at one point in time even managed to break down below the 1.10 level. The GBP/USD pair fell during the course of the day on Wednesday, breaking well below the 1.40 handle.
The WTI Crude Oil market initially fell during the course of the session on Wednesday, but found enough support just above the $30 level to turn things around and form a relatively supportive looking candle. The natural gas markets did very little during the course of the day on Wednesday, as we continue to see this market simply hover near the bottom again.
The S&P 500 initially fell rather drastically during the course of the day on Wednesday, but found enough support just below the 1900 level to form a bit of a hammer. The NASDAQ 100 fell rather significantly during the course of the session on Wednesday, as it looks like the market has plenty of support below.
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