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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Bitcoin markets fell over 6% during the trading session again on Tuesday, as the shooting star that form just below the $12,000 level give us a heads up that we were ready to roll over.
The WTI Crude Oil market initially rally during the trading session on Tuesday but turned around to form a shooting star.
The USD/JPY pair spent the initial part of the trading session on Tuesday following, but found enough support underneath the 106 level to turn around and form a bit of a hammer.
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The S&P 500 has been volatile during the choppy trading session on Tuesday, as we initially rallied significantly, but then turned around to form a bit of a shooting star.
Get the USD/JPY Forex signal for March 7, 2018 here.
Get the USD/CAD Forex signal for March 7, 2018 here.
Get the GBP/USD Forex signal for March 7, 2018 here.
Get the EUR/USD Forex signal for March 7, 2018 here.
Gold prices rose $14.58 an ounce on Tuesday as a sell-off in the U.S. dollar index prompted buying interest in the market.
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Get the NZD/USD Forex signal for March 6, 2018 here.
Get the AUD/USD Forex signal for March 6, 2018 here.
The EUR/USD pair has been negative during much of the trading session on Monday but turned around to rally and form a hammer.
Bitcoin markets did very little during the trading on Monday, as we continue to hover just below the $12,000 level.
The US dollar has initially pulled back a bit against the Japanese yen but turned around to show signs of strength and break above the 106 level.
The WTI Crude Oil market rallied a bit during the day on Monday, breaking the top of the hammer from both Friday and Thursday of last week, so it shows signs of significant strength above that could cause a bounce to the $64 level.