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 EUR/USD pair has been rather quiet during most of the July session, but the market eventually rallied enough to reach towards the 0.90 level.
The GBP/USD pair showed signs of strength yet again during the month, as we broke above the 1.30 level.
Get the NZD/USD Forex signal for August 2, 2017 here.
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Get the AUD/USD Forex signal for August 2, 2017 here.
Get the BTC/USD Forex signal for August 2, 2017 here.
The EUR/USD pair fell during the session on Tuesday, as we had gotten a bit of a head of ourselves. The British pound initially tried to rally but ended up forming a neutral candle.
The S&P 500 rallied during the day on Tuesday, touching as high as 2480, but did pull back later in the day.
The WTI Crude Oil market broke down significantly during the day on Tuesday, as the $50 level offered quite a bit of resistance. Natural gas markets fell to the $2.75 level, which is very supportive on the longer-term charts.
The S&P 500 rallied during the day on Tuesday, touching as high as 2480, but did pull back later in the day. The NASDAQ 100 tried to rally initially during the day on Tuesday, but found the resistance above the 5900 level to be far too strong to continue going higher.
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Get the USD/JPY Forex signal for August 2, 2017 here.
Get the USD/CAD Forex signal for August 2, 2017 here.
Get the GBP/USD Forex signal for August 2, 2017 here.
Get the EUR/USD Forex signal for August 2, 2017 here.
Gold prices ended a choppy, two-sided trading session slightly lower yesterday, with many investors in wait-and-see mode ahead of key U.S. economic data.
Gold prices rose in afternoon U.S. trading, recouping earlier losses, as soft U.S. economic data raised doubts about the path for higher interest rates.