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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Natural gas markets have gone back and forth during the session on Thursday as we are starting to reach highs again.
Bitcoin markets continue to calm down, but this is a good sign as the market will continue to go back and forth in the huge orange box that I have marked on the chart.
The West Texas Intermediate Crude Oil market has struggled to hang onto gains during the trading session on Thursday, as we got a better than anticipated inventory figure, but have also failed at the downtrend line that has been so prevalent in this market.
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Gold markets broke down rather significantly during the trading session on Thursday as we continue to see a lot of volatility around the world.
NZDUSD: Bullish break above bearish price channel advances
USDJPY: More bullish but 106.73 still holds
USDCAD: Bearish as BoC passes on rate cut
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Hotter temperatures forecasted in the United States continues to drive natural gas prices higher, as we have broken above the $2.40 level for the first time since July.
The Australian dollar has rallied quite nicely during the trading session on Wednesday, slamming into the 0.68 level, an area that should continue to offer plenty of resistance based upon recent action.
The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Wednesday as traders bought everything they can get their hands on.
The US dollar has rallied slightly during the trading session on Wednesday but has stayed within the relatively tight range that we had been in for some time.
The S&P 500 has rallied again during the trading session on Wednesday to fill the gap that we opened up on Tuesday.
USDCHF Analysis: Bullish double bottom at 0.9800?