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 S&P 500 broke out to the upside during the session on Thursday, making fresh, new highs. The NASDAQ 100 has been volatile on Thursday as well, but just as the S&P 500 saw selling initially, we also saw the buyers come back to this market later in the day.
The EUR/USD pair fell a bit during the session on Thursday, testing the 1.12 level. The British pound had a volatile session, ultimately settling on a relatively neutral candle.
Get the NZD/USD Forex signal for June 1, 2017 here.
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Get the AUD/USD Forex signal for June 1, 2017 here.
Get the USD/JPY Forex signal for June 1, 2017 here.
Get the USD/CAD Forex signal for June 1, 2017 here.
Get the USD/CHF Forex signal for June 1, 2017 here.
Get the GBP/USD Forex signal for June 1, 2017 here.
Get the EUR/USD Forex signal for June 1, 2017 here.
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Gold prices ended higher on Wednesday, erasing all of the previous day’s losses, as the dollar edged lower.
The EUR/USD pair broke out during the session on Wednesday, clearing the top of the bullish flag that I have marked on the chart.
The WTI Crude Oil market had a very negative session on Wednesday as we broke down below the bottom of the range from the Tuesday session, which was a hammer.
The USD/JPY pair initially tried to rally on Wednesday but turned around and felt to form a bit of a shooting star. The New Zealand dollar rallied initially during the day but has turned around to form a bit of a shooting star.
The S&P 500 went back and forth during the Wednesday session, as we continue to see volatility after a significant break out.
The EUR/USD pair has had a very strong month of May, reaching above the 1.12 handle.