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 slightly during the trading session on Wednesday, as we continue to struggle going higher.
Gold prices fell for a fourth straight session on Wednesday to settle at their lowest level in a week as the dollar strengthened after minutes from the latest Federal Reserve Open Market Committee meeting showed that policymakers backed further interest rate hikes.
Get the NZD/USD Forex signal for February 21, 2018 here.
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Get the AUD/USD Forex signal for February 21, 2018 here.
Get the BTC/USD Forex signal for February 21, 2018 here.
Get the USD/JPY Forex signal for February 21, 2018 here.
The EUR/USD lost a significant amount of momentum after the initial rally on Tuesday, breaking down to the 61.8% Fibonacci retracement level of the most recent move higher.
Bitcoin rallied against the US dollar on Tuesday, as Americans came back to work. We gained over 4%, which of course is a bullish sign.
The WTI Crude Oil market touched the 20 SMA on the daily chart, and perhaps more importantly, the uptrend line that had previously offered so much support.
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The US dollar rallied against the Japanese yen on Tuesday as traders came back to work in the United States.
The S&P 500 had a slightly negative session during the day, as we drifted a bit lower and reached towards the 2700 level.
Get the USD/CAD Forex signal for February 21, 2018 here.
Get the GBP/USD Forex signal for February 21, 2018 here.
Get the EUR/USD Forex signal for February 21, 2018 here.
Gold prices continued to slide yesterday, extending losses from Monday’s session, as the dollar continued to appreciate.