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 S&P 500 fell during the course of the session on Wednesday, testing the 2040 handle. The NASDAQ 100 fell significantly during the course of the session on Wednesday as well, but we found support at the 4300 level.
The WTI Crude Oil market went back and forth during the course of the day on Wednesday, using the $44 level house a magnet for price. Natural gas markets rose during the day on Wednesday again, as we continue to bounce around in a consolidative tone.
Gold prices fell for a second day and settled at $1279.33 per ounce, losing $6.76, as the recent recovery in the US dollar lured some investors away from the market.
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The EUR/USD pair initially tried to rally during the course of the session on Tuesday, testing the 1.16 level. The GBP/USD pair initially rallied during the day on Tuesday, but turned around to fall rather significantly.
The WTI Crude Oil market fell during the course of the session on Tuesday, breaking below the $44 level. The natural gas markets rose during the course of the day on Tuesday, but remained well within the consolidation that we have been in for some time.
The S&P 500 struggled during the session on Tuesday, as US indices in general fell. The NASDAQ 100 fell as well, and is also sitting on pretty significant support in the form of 4300.
During the course of the day on Tuesday, the USD/JPY pair fell significantly, reaching towards the 105 level. The AUD/USD pair broke down during the course of the session on Tuesday, breaking below the 0.75 level.
Gold prices ended Tuesday's session down $4.92, to settle at $1291.29 an ounce as the market's inability to pass through the $1300 level triggered some profit taking.