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 higher during the session on Thursday, breaking out above the recent highs that we had seen. The NASDAQ 100 broke higher again during the day on Thursday, reaching towards the 5800 level.
The WTI Crude Oil market initially tried to rally but after the OPEC announcement of an extension of the production cuts by 9 months, the market sold off.
Get the NZD/USD Forex signal for May 25, 2017 here.
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Check out the AUD/USD Forex signal for May 25, 2017 here.
Get the USD/JPY Forex signal for May 25, 2017 here.
The EUR/USD pair rallied slightly during the day on Wednesday, as we continue to bounce around in the neighborhood of the 1.12 level.
The WTI Crude Oil market continues to grind sideways, as the market looks likely to continue to go sideways until we get the announcement coming out of OPEC as far as production cuts are concerned.
The US dollar initially rallied on Wednesday against the Japanese yen, you can see that there has been a significant amount of noise between the 112 and the 112.50 level.
The S&P 500 rallied during the day on Wednesday, as we are trying to test the top of the recent range. The NASDAQ 100 rose during the session on Wednesday as well, and even made a fresh, new high.
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Get the USD/CAD Forex signal for May 25, 2017 here.
Get the USD/CHF Forex signal for May 25, 2017 here.
Get the GBP/USD Forex signal for May 25, 2017 here.
Get the EUR/USD Forex signal for May 25, 2017 here.
Gold prices ended Wednesday’s session up $7.28 as the dollar weakened after the minutes of the Federal Reserve’s latest policy meeting showed some central bankers were watching for evidence.
Get the NZD/USD Forex signal for May 24, 2017 here.