A corrective performance of the yellow metal recently pushed prices to the $1536 level of, and before the important event today, prices rebounded to the $1554 level an ounce at the time of writing the analysis.
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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For five trading sessions in a row, as shown on the daily chart of the USD/JPY pair, an upward corrective performance pair was crowned by stability above the 110.00 psychological resistance, with gains reaching the 110.21 resistance, its highest in seven months.
West Texas Intermediate Crude Oil has had a slightly positive session on Tuesday as we continue to hang around the 200 day EMA.
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Natural gas markets initially tried to rally during the trading session on Tuesday, breaking above the $2.20 level.
The NASDAQ 100 has initially tried to rally during the trading session on Tuesday but then gave back the gains in order to form a negative candlestick.
Bitcoin has had a very good session on Tuesday, breaking above the downtrend line that has been so prominent in this market.
The S&P 500 initially tried to rally during the trading session on Tuesday but continues to struggle with the idea of the 3300 level.
AUDUSD: Pivotal point holds at 0.6885
USDJPY: Bullish breakout above 110.00 in doubt
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BTC/USD: Bullish Move Weaker but Continuing
US Dollar weakness is expected to accelerate in 2020, and the Canadian Dollar was one of the best performers against the world’s top reserve currency.
The US dollar rallied a bit during the trading session on Tuesday but gave back most of the gains in order to pullback and form a bit of a shooting star.
Gold markets have initially pulled back during the trading session on Tuesday but have found buyers underneath the turn around and form a bit of a hammer.
The Euro went back and forth during the trading session on Tuesday, as we continue to bounce around between two of the bigger moving averages that traders follow out there.
The British pound rallied after initially falling during the trading session on Tuesday, as we continue to see a lot of life pumped into Sterling regardless.