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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Get the EUR/USD Forex signal for May 17, 2018 here.
The EUR/USD pair has fallen significantly during the day on Wednesday, reaching down towards the 1.1770 level before bouncing and forming a hammer.
The bitcoin markets were choppy during trading on Wednesday, breaking below the $8400 level, reaching down to the $8100 level after that, bouncing again towards $8400, and then breaking back down before bouncing at the end of the day.
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The US dollar has rallied over the last several sessions, but Wednesday was a little bit soft as we continue to bounce around the 200-day simple moving average.
The WTI Crude Oil market has gone back and forth during the session on Wednesday, but eventually found buyers.
The S&P 500 went sideways during the trading session on Wednesday, reaching towards the 2700 level.
Get the NZD/USD Forex signal for May 16, 2018 here.
Get the AUD/USD Forex signal for May 16, 2018 here.
Get the BTC/USD Forex signal for May 16, 2018 here.
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The Euro broke down significantly against the US dollar during the day on Tuesday, as the 10-year yield reached above the vital 3.06% level.
Bitcoin markets initially tried to rally during the day on Tuesday but found the $9000 region to be a bit too resistive.
The US dollar has rallied significantly during the day on Tuesday, breaking above the psychologically important ¥110 level.
The WTI Crude Oil market had a volatile session during trading on Tuesday, initially trying to go higher but finding enough resistance at the $72 level to turn things around.
The S&P 500 break down a bit during the day on Tuesday, reaching down towards the 2700 level.
Gold prices ended Tuesday’s session down $22.63 an ounce, extending losses to a third straight session, as rising bond yields and a strong U.S. dollar abated investor appetite for the precious metal.