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.
Forex Technical Analysis
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Forex Technical Analysis
The WTI Crude Oil market rallied significantly during the trading session on Thursday as we got wind that the attack on those couple of oil ships in the Gulf of Oman happened.
Gold markets rallied during the trading session on Thursday, reaching towards the upside and the massive gap that kicked off this week.
NZDUSD analysis: More bearish below 0.6590
AUDUSD analysis: Bearish break below 0.6940
USDJPY: Looking more bearish as 108.56 holds
Bitcoin: More bullish above $8,000
USDCAD: 1.3300 likely to be day’s pivotal point again
USDCHF Analysis: Bulls seeking to break above 0.9957
GBPUSD: Choppy but buyers keep price above support at 1.2642
EURUSD: Weakly bullish
The Euro initially tried to rally again during the trading session on Wednesday, but then ran into a buzz saw of resistance yet again at the 1.1350 level, which has caused a lot of resistance over the last several sessions.
Bitcoin markets continue to grind back and forth, with a slightly positive session on Wednesday.
The S&P 500 continues to be an absolute mess, as we have formed a couple of shooting stars over the last handful of sessions, but Wednesday saw a little bit more aggression when it comes to selling.
The WTI Crude Oil market broke down rather significantly during the trading session in what would have been one of the more volatile days we’ve seen recently.
The US dollar fell significantly during the trading session on Wednesday but filled the gap and then found buyers.