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 EUR/USD pair fell initially on Tuesday, breaking below the 50-day exponential moving average at one point. The British pound initially fell off during the day on Tuesday but found enough support below the 1.24 level to turn things around and form a hammer.
The S&P 500 tried to rally initially during the day on Tuesday, but struggled a bit at the 2300 level. The NASDAQ 100 broke higher on Tuesday, clearing the 5272 handle easily.
Crude markets fell on Tuesday, and the WTI grade of course was no different. Natural gas markets shot higher on Tuesday, as we continue to bounce from the $3 region.
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The US dollar rallied during the day on Tuesday, but found resistance at the 112.50 level. The Australian dollar initially fell during the session on Tuesday, but found enough support to turn things around and form a relatively supportive looking candle.
Get the NZD/USD Forex signal for February 7, 2017 here.
Get the AUD/USD Forex signal for February 7, 2017 here.
Get the USD/JPY Forex signal for February 7, 2017 here.
Get the USD/CAD Forex signal for February 7, 2017 here.
Get the USD/CHF Forex signal for February 7, 2017 here.
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Get the GBP/USD Forex signal for February 7, 2017 here.
Get the EUR/USD Forex signal for February 7, 2017 here.
The EUR/USD pair had a negative session on Monday, but continues to find support just below at the 50-day exponential moving average, or at least just above it. The British pound initially fell on Monday, reaching towards the 1.24 level.
The S&P 500 fell a bit short during the day on Monday, as we continue to grind back and forth in a bid to build up momentum to the upside. The NASDAQ 100 initially fell on Monday but turned around to form a hammer.
The US dollar initially tried to rally against the Japanese yen, but started to sell off late in the day. The Australian dollar initially fell during the day on Monday, but turned around to form a hammer.
The WTI Crude Oil market initially tried to rally on Monday but turned around and showed quite a bit of bearish pressure. The NASDAQ 100 fell initially on Monday, but found support at the $3.00 level.