The S&P 500 rallied a bit during the trading session on Tuesday as traders came back from the Memorial Day holiday.
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 rally during the trading session on Tuesday as traders came back to markets in full force.
The US dollar has done almost nothing during the trading session on Tuesday, initially trying to rally before breaking back down.
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The Australian dollar has exploded to the upside during the trading session on Tuesday, breaking above the 200 day EMA and even managing to close above it.
The British pound pulled back a bit from the 50 day EMA, as the trading public came back on Tuesday
The gold markets fell a bit during the trading session on Tuesday as traders came back to work, in a major “risk on” type of situation.
The silver markets have gone back and forth during the trading session on Tuesday as volumes increased instead of the holiday session that we had seen on Monday.
The bitcoin markets have fallen just a bit during the trading session on Tuesday, as we have seen quite a bit of noise as of late.
The West Texas Intermediate Crude Oil market continues to see a lot of resistance near the $34 level as it is the beginning of the gap higher.
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South Africa’s business community welcomes the further easing of lockdown restrictions, with the disease alert level set to decrease in June 1st to 3.
Japan’s Prime Minister Abe decided to lift the state of emergency for Tokyo, while the government is considering a second stimulus worth ¥100 trillion.
Financial markets have moved past the looming negative impacts of the global Covid-19 pandemic and believe trillions of dollars in new government debt
There was no movement of the USD/JPY pair in the beginning of this week’s trading, as the performance remained between the 107.54 level and the 107.77 level throughout Monday trading. In the beginning of Tuesday’s trading, the pair settled around the 107.72 level.
Gold price gave up some of its gains in the beginning of this week’s trading, as it fell from the $1733 resistance, reaching the 1721 support before settling around the $1726 level in the beginning of today’s trading.
For five consecutive trading sessions, the GBP/USD pair has been moving in a very limited and narrow range with a downtrend, and this performance technically foreshadows a strong movement coming in either direction.