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 EUR/USD Forex signal for February 9, 2017 here.
The German index initially fell on Wednesday, but found the €11,500 level to be supportive enough to turn the market back around.
The EUR/USD pair broke down during the day on Wednesday, slicing below the 50-day exponential moving average. The British pound fell initially during the day but continues to find support near the 1.25 level.
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The S&P 500 initially fell on Wednesday but turned around to form a hammer. The NASDAQ 100 initially fell on Wednesday but found support at the previous resistance, and it now looks as if we are going to go higher.
The USD/JPY pair found resistance at the 112.50 level, yet again. The Australian dollar had a choppy session on Wednesday, forming a relatively neutral candle.
The WTI Crude Oil market rally during the day on Wednesday, even after we get a very bearish announcement coming out of the inventories indicator. Natural gas markets initially fell during the session on Wednesday, but turned around to form a hammer.
Gold prices rose $7.77 on Wednesday as anxiety over political and economic policy changes in the United States and Europe drove investors into safer assets.
Get the NZD/USD Forex signal for February 8, 2017 here.
Get the AUD/USD Forex signal for February 8, 2017 here.
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Get the USD/JPY Forex signal for February 8, 2017 here.
Get the USD/CAD Forex signal for February 8, 2017 here.
Get the USD/CHF Forex signal for February 8, 2017 here.
Get the GBP/USD Forex signal for February 8, 2017 here.
Get the EUR/USD Forex signal for February 8, 2017 here.
The session on Tuesday saw the copper markets fall slightly, but as you can see on the chart I have a massive rising triangle.