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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Despite the out-of-control Covid-19 pandemic across India, which leads the world in new daily infections, economic indicators point towards an ongoing post-lockdown recovery.
With new Covid-19 infections trending higher globally, Singapore maintains control over the pandemic, for now.
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The US dollar has struggled with the 50 day EMA against the Japanese yen for some time, and the Tuesday session was no different.
The NASDAQ 100 has fallen a bit during the trading session on Tuesday, mainly due to the fact that the president of the United States tweeted that he was telling negotiators to step away from negotiating stimulus.
The South African Rand initially tried to rally against the US dollar during the trading session on Tuesday but gave back the gains as we dug into the hammer that the US dollar formed against it on Monday.
The Australian dollar initially tried to rally during the trading session on Thursday as we continue to see a lot of noise in general.
The S&P 500 initially tried to rally during the trading session on Tuesday, pulling back from the 3400 region.
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GBP/USD: Pound is not advancing as a leader
The silver markets have pulled back from the 50 day EMA again on Tuesday to reach down towards the $24 level.
The Euro has gone back and forth during the course of the trading session on Tuesday, as we were testing the previous uptrend line.
Gold markets have initially tried to rally during the trading session on Tuesday only to turn around and show negativity.
EUR/USD: Bullish trend still valid
The West Texas Intermediate Crude Oil market has broken above the 50 day EMA during the trading session on Tuesday, as we continue to see a well-defined range that the market wants to be involved in.