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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USD/JPY fell to the 108.92 support with a stronger decline in the US ISM Manufacturing PMI, and investors' risk appetite ceased with the absence of any details of the upcoming trade agreement between the US and China. T
For eight consecutive trading sessions, the price of gold is moving in a limited range between the $1450 support and the $1466 resistance in a cautious wait until the announcement of the deadline for the formal signing of the “Phase 1” trade agreement between the United States and China.
For four consecutive trading sessions, GBP/USD is attempting to breach through the 1.2950 resistance level to complete the upward correction.
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The dollar returned to the downside, and thus was an opportunity for the EUR/USD pair for an attempt to correct upwards, and gains reached the 1.1091 resistance before settling around the 1.1072 support at the time of writing.
The Australian dollar exploded to the upside on Monday, as there are signs of hope coming out of China when it comes to manufacturing figures.
The S&P 500 has fallen a bit during the trading session on Monday, kicking off a negative candlestick for the week.
The Euro rallied rather significantly during the trading session on Monday, reaching towards the 1.11 USD level.
The British pound is in fact ready to break out, it simply needs some type of catalyst to make that happen.
The US dollar has initially rally during the trading session on Monday, but then broke down significantly as the ISM Manufacturing PMI figure came out lower than anticipated.
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The NASDAQ 100 has initially tried to rally during the trading session on Monday, but fell as it reached the recent highs, and of course the top of the overall uptrend and channel.
The natural gas markets initially rally during the day on Monday, as they had gotten a bit oversold during the trading session on Friday.
Bitcoin initially tried to rally during the trading session on Monday but as we have seen so many times, simply rolled over and started to sell off yet again.
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Monday, breaking above the 50 day EMA, and therefore it’s a very bullish sign initially
Gold markets have rolled over initially during the trading session on Monday but have continue to find support at the same levels again.
AUDUSD: Strongly bullish move on Chinese data / rate hold