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 S&P 500 rallied rather extensively during the trading session on Wednesday, breaking the major downtrend line that has been so negatively influential in this market.
The US dollar has initially rallied during the session on Wednesday but failed to break above the ¥110 level again.
The British Pound was trading close to a 4-month trough as FX traders await a policy decision from the Bank of England tomorrow.
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Get the NZD/USD Forex Signal for May 9, 2018 here.
Get the AUD/USD Forex Signal for May 9, 2018 here.
Get the BTC/USD Forex Signal for May 9, 2018 here.
Get the USD/JPY Forex Signal for May 9, 2018 here.
Get the USD/CAD Forex Signal for May 9, 2018 here.
The Bitcoin markets fell against the US dollar at the open on Tuesday, as it looks like we are testing the $9000 level underneath for support again.
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The S&P 500 as you can see on the daily chart has pulled back slightly during the trading session on Tuesday.
The WTI market was very volatile during the trading session on Tuesday, as the markets prepared for Donald Trump to leave the Iranian deal.
The EUR/USD pair broke down significantly on Tuesday again, breaking down below the 1.19 handle, and reaching below the 1.1850 level at one point during the session.
The US dollar initially tried to rally against the Japanese yen during trading on Tuesday, but we have seen selling pressure before, and we sought again during the day on Tuesday.
Get the GBP/USD Forex Signal for May 9, 2018 here.
Gold prices ended Tuesday’s session nearly unchanged after a volatile day that saw prices swing between gains and losses.