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 traders sold off the crypto currency during the session on Thursday, slicing through the $10,000 level, and of course the 61.8% Fibonacci retracement level.
The S&P 500 went back and forth during the trading session on Thursday, which makes a lot of sense considering we are awaiting the jobs numbers today.
The WTI Crude Oil market had a positive session on Thursday, as we broke above the $65 level again.
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The US dollar has initially tried to rally during the day on Thursday but sold off later as traders would have squared up their positions ahead of the jobs number.
Gold prices ended Thursday’s session up $3.78 an ounce, extending gains from the previous session, as stock markets turned lower and the American dollar weakened.
Get the NZD/USD Forex signal for February 1, 2018 here.
The Euro rallied initially during the trading session on Wednesday but turned around to form a shooting star.
Bitcoin fell slightly against the US dollar during trading on Wednesday, in shrinking volume.
The S&P 500 rallied during the trading session on Wednesday but gave back quite a bit of the gains.
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The WTI Crude Oil market rallied a bit during the trading session on Wednesday, as we reached the middle average of the Bollinger Bands.
The US dollar rallied against the Japanese yen during the trading session on Wednesday but struggled to maintain those gains towards the end of the day.
Get the AUD/USD Forex signal for February 1, 2018 here.
Get the BTC/USD Forex signal for February 1, 2018 here.
Get the USD/JPY Forex signal for February 1, 2018 here.
Get the USD/CAD Forex signal for February 1, 2018 here.