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/CAD Forex signal for February 16, 2017 here.
Get the USD/CHF Forex signal for February 16, 2017 here.
Get the GBP/USD Forex signal for February 16, 2017 here.
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Get the EUR/USD Forex signal for February 16, 2017 here.
Gold markets had an interesting session on Wednesday, as we initially were quite bearish, but then turned around to form a nice looking hammer.
The EUR/USD pair fell initially during the day on Wednesday, testing the 1.05 level. The British pound fell initially during the day on Wednesday, but found enough support to turn things around and form a nice looking hammer.
The S&P 500 initially fell during the day on Wednesday, but as Janet Yellen testified front of Congress, the market took off to the upside. The NASDAQ 100 initially dipped as well, but just like the S&P 500, and it up going much higher.
The WTI Crude Oil market initially rally during the day on Wednesday, but continues to show quite a bit of volatility. The natural gas markets rally during the day on Wednesday but turned around to form a shooting star as the $3 level offered far too much in the way of resistance.
The US dollar initially rallied against the Japanese yen but found the 115 level to be far too resistive to continue going higher. The AUD/USD pair initially fell on Tuesday, but turned around to make a large moved to the upside.
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Gold prices rose on Wednesday after choppy trading session.
Get the NZD/USD Forex Signal for February 15, 2017 here.
Get the AUD/USD Forex Signal for February 15, 2017 here.
Get the USD/JPY Forex signal for February 15, 2017 here.
Get the USD/CAD Forex signal for February 15, 2017 here.
Get the USD/CHF Forex signal for February 15, 2017 here.