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 British pound has spent the last couple of weeks rallying as we start to head into the holidays.
The New Zealand dollar has been very bullish over the last month or so, slamming into a longer-term downtrend line.
The Bitcoin market has been absolutely miserable for the last seven months or so.
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The Euro has been absolutely pummeled against the British pound during most of the back half of 2019.
The US dollar has been very choppy against the Canadian dollar over the last several months, and most of 2019 has been simple consolidation.
According to the performance on the daily chart, the USD/JPY is still in an upward correction phase, and at the same time, lacks the momentum to complete it.
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Memories from the Crypto Winter of 2018 are resurfacing as Bitcoin is leading the majority of the cryptocurrency market to the downside, erasing billions of value weekly.
During yesterday's trading, the GBP/USD price collapsed to the 1.3100 support.
The EUR/USD price is still unable to return to test the important 1.1200 resistance.
Following the landslide electoral victory by British Prime Minister Johnson, giving him an 80-seat majority in Parliament, the EUR/GBP spiked amid profit-taking in the British Pound.
Bearish momentum in the NZD/CAD is expected to pressure for more downside after price action completed a breakdown below its resistance zone.