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 USD/JPY Forex signal for May 18, 2017 here.
The EUR/USD pair shot higher during the trading session on Wednesday, as the US dollar fell in general. The British pound also rallied against the US dollar, but finds itself struggling to break above the 1.30 handle.
The oil markets rallied during the session on Wednesday, as we tested the 200-exponential moving average yet again. Natural gas markets had a volatile session as well, touching the $3.15 level underneath.
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The US dollar fell significantly during the day on Wednesday, as the pair drove below the 113 handle, and then the 112 level after that.
The S&P 500 broke down significantly during the session on Wednesday, testing the 2350 region. The NASDAQ 100 fell apart during the day, but that’s not overly surprising considering that it has lead the charge higher.
Get the USD/CAD Forex signal for May 18, 2017 here.
Get the USD/CHF Forex signal for May 18, 2017 here.
Get the GBP/USD Forex signal for May 18, 2017 here.
Get the EUR/USD Forex signal for May 18, 2017 here.
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Gold prices ended Wednesday’s session up $23.72, hitting the highest level in two weeks, as investors sought refuge from volatility in the wider markets.
Get the NZD/USD Forex signal for May 17, 2017 here.
Get the AUD/USD Forex signal for May 17, 2017 here.
Get the USD/JPY Forex signal for May 17, 2017 here.
The EUR/USD pair rallied on Tuesday, breaking above the significant 1.10 level. The British pound had a volatile session during the day on Tuesday, breaking above the 1.29 handle.
The S&P 500 had a choppy session during the day on Tuesday, as we continue to jump around the 2400 level. The NASDAQ 100 rally during the day on Tuesday, using the 5700 level as support.