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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Get the AUD/USD Forex signal for August 3, 2017 here.
Get the BTC/USD Forex signal for August 3, 2017 here.
The EUR/USD pair rallied during the day on Wednesday, as we broke towards the 1.19 level. Alternately, I believe that the British pound isn’t nearly as overbought as the EUR/USD pair is.
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The US dollar initially tried to rally during the day on Wednesday, but found enough resistance near the 111 level to turn things around.
The S&P 500 fell significantly during the day on Wednesday again, but just as a we keep seeing, algorithmic traders are jumping into the market and picking up with a perceived as a move beyond standard deviation.
The WTI Crude Oil market rallied a bit during the day on Wednesday as the inventory number was a bit mixed.
Get the USD/JPY Forex signal for August 3, 2017 here.
Get the USD/CAD Forex signal for August 3, 2017 here.
Get the GBP/USD Forex signal for August 3, 2017 here.
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Get the EUR/USD Forex signal for August 3, 2017 here.
Gold prices fell $2.33 an ounce on Wednesday, moving away from a six-week high struck the previous day.
Gold prices are slightly higher in U.S. trading Wednesday, following the disappointing ADP jobs report.
The Australian dollar had a very bullish July, as we have sliced through the 0.7750 level, and then broke above the 0.80 level.
Gold markets initially fell during the month, but found enough support just above the $1200 level.
The WTI Crude Oil market has bounced significantly during the month of July, using the $49.50 support level yet again.