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/JPY pair fell significantly during the course of the day on Thursday, breaking the bottom of the shooting star from Wednesday. The AUD/USD pair did almost nothing during the session on Thursday as we continue to hover just below the 0.72 handle.
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The EUR/USD pair fell during the course of the day on Thursday, testing the 1.1050 support level. The GBP/USD pair tried to rally during the day on Thursday as well, but turned back around to form a somewhat exhaustive candle.
The S&P 500 struggled a bit during the course of the day on Thursday, as we found the 1940 level a bit too resistive. The NASDAQ 100 did very much the same, and quite frankly I feel that these 2 markets should move in tandem.
The WTI Crude Oil market initially tried to rally during the day but found the $32 level a bit too expensive. If there’s been one reliable trend over the last several months, it’s been that every time natural gas rallies, sellers come in and punish the market.
Get the NZD/USD Forex Signal February 18, 2016.
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The WTI Crude Oil market rose during the course of the day on Wednesday, clearing the $30 level. The natural gas markets rallied during the day on Wednesday, bouncing off of the $1.90 level.
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The USD/JPY pair initially tried to rally during the day on Wednesday but struggled just below the 115 handle. The Australian dollar rose during the course of the day on Wednesday, but we still find ourselves just below the vital 0.72 level.
The EUR/USD pair fell a bit during the course of the day on Wednesday, but did find a bit of support. The British pound had a volatile session as we went back and forth during the day, suggesting that the market is trying to come to terms with where to go next.