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 WTI Crude Oil market fell during trading on Tuesday, testing the $67 level for support.
The US dollar has rallied again during the trading session on Tuesday, reaching towards the 110 handle.
Get the NZD/USD Forex signal for May 1, 2018 here.
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Get the AUD/USD Forex signal for May 1, 2018 here.
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Get the USD/JPY Forex signal for May 1, 2018 here.
Get the USD/CAD Forex signal for May 1, 2018 here.
Get the GBP/USD Forex signal for May 1, 2018 here.
Get the EUR/USD Forex signal for May 1, 2018 here.
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The market started the week on the back foot, suffering a loss of $7.53 an ounce, as the dollar’s strength continued to put downward pressure on the price of the precious metal.
The EUR/USD pair was sideways most of the month of April, but then broke down significantly to crash into the 1.21 handle.
The Australian dollar has broken down during the last couple of weeks of April, slicing through major uptrend line that goes back to late 2015.
The British pound has been rallying over the last couple of months, but over the last couple of weeks has started to see a bit of selling pressure.
The EUR/GBP pair has fallen initially during the month of April, but then turned around to show signs of support at the 0.86 level, bouncing over the last couple of weeks.
The EUR/USD pair tried to rally at the open on Monday, but then broke below the 1.21 handle.