The S&P 500 initially sold off during the trading session on Wednesday to reach down below the 4200 level, but we have since turned around to hang right around that level.
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 NASDAQ 100 initially tried to rally during the trading session on Wednesday but gave back the gains to drift ever so slightly lower.
The West Texas Intermediate Crude Oil market gapped higher to kick off the trading session on Wednesday as we continue to see the market reach towards the upside, as demand for crude continues to pick up around the world.
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The US dollar initially tried to rally during the trading session on Wednesday but gave back the gains, as it looks like we are hell-bent on testing the 1.20 level.
The Bitcoin markets rallied just a bit during the trading session on Wednesday to break above the top of the 200-day EMA yet again.
Ethereum rallied somewhat significantly during the trading session on Wednesday as the market gained 7%, reaching towards the $2800 level.
Gold should be interesting to trade as it will probably either continue to rise in line with its long-term bullish momentum and ascending price channel or break down quite dramatically with a sharp fall.
The gold markets initially fell during the trading session to drop below the $1900 level, only to turn around and rally again.
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The GBP/USD price was little changed in the overnight session as investors’ attention turned to the upcoming employment numbers from the United States.
The BTC/USD pair is in a tight range as the consolidation in the cryptocurrencies continues.
DOT/USD has produced a slight bullish run the past day and is now within sight of important short-term resistance levels.
The USD/ARS continues to strain and inch higher as its long-term bullish trend remains intact for speculators able to wager.
The USD/BRL produced a spike downwards yesterday which may have caught some speculators by surprise.
In early trading this morning, the USD/SGD has provided a small reversal higher, which may prove to be a trading opportunity for bearish speculators.