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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Gold markets have done a lot of back-and-forth trading as of late, as we continue to hang about the 50 day EMA.
Bitcoin markets initially pulled back a bit during the trading session on Wednesday, but then turned around to show signs of strength.
The US dollar continues to struggle to break out to the upside, as the ¥110 level continues to be a massive problem when it comes to the buyers going forward.
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The West Texas Intermediate Crude Oil market rallied again during the trading session on Wednesday, as we recovered from the gap lower.
The Euro has rolled over a bit during the trading session on Wednesday, reaching down towards the 1.11 handle.
The British pound has fallen a bit during the trading session on Wednesday, reaching down below the 1.31 level.
USDJPY: Pivotal area 109.50 / 110.00 still in play
Bitcoin: Strong bullish bounce from $6,441
Several rooted projects are offering long-term investors an excellent buying opportunity, as a result of the extended sell-off across most cryptocurrency assets.
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A growing number of analysts and economists view the announced phase-one trade deal between the US and China as insignificant.
As widely expected, the Bank of Japan left its monetary policy unchanged.
After the release of third-quarter GDP data out of New Zealand, which surprised to the upside on a quarter-over-quarter comparison, the New Zealand Dollar briefly spiked.
GBPUSD: Bullish double bottom near 1.3041?
The Euro has rallied of the last couple of weeks as I write this article, but at this point it is still very much in a downtrend. Get the Q1 forecast for EUR/USD here.