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 Euro had a slightly positive session during the day on Wednesday, as the market continues to grind away in general. Over in the British pound, we had a positive session as we broke above the 1.47 level.
The S&P 500 had a positive session during the day on Wednesday as we continue to see the buyers take over. The NASDAQ 100 rose as well, although it had shown quite a bit of bullishness the previous session.
The USD/JPY pair went back and forth during the course of the day on Wednesday, as we continue to meander around the 110 level. The AUD/USD pair had a fairly neutral day as well, but unlike the USD/JPY pair there are potential longer-term signals in play.
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The WTI Crude Oil market initially fell during the day on Wednesday, but you can see turned right back around during the US session to show bullishness as we ended up forming a hammer at the top of this move higher. Natural gas markets initially tried to rally during the day on Wednesday, but turned right back around just below the $2.00 level.
The USD/CAD pair fell during the day on Wednesday, as we approached and failed out the 200 day exponential moving average, denoted by the red line on my chart.
Check out the Forex signal for the USD/CAD pair for May 26, 2016 here.
Get the USD/CHF Forex signal for May 26, 2016 here.
Get the daily GBP/USD Forex signal for May 26, 2016 here.
Get the EUR/USD Forex signal for May 26, 2016 here.
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Gold prices dipped to a seven-week low on Wednesday as growing expectations of a Fed interest rate hike this year continued to weigh on the market.
The GBP/CHF pair rallied significantly during the course of the session on Tuesday, showing real strength as we ended up forming a very large green candle.
Get the NZD/USD Forex signal for May 25, 2016 here.
Get the AUD/USD Forex signal for May 25, 2016 here.
Get the USD/JPY Forex signal for May 25, 2016 here.
The EUR/USD pair fell significantly during the course of the day on Tuesday, breaking below the 1.12 handle. The GBP/USD pair rallied during the course of the day on Tuesday, breaking above the top of the shooting star from the Monday session.