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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After the price collapsed to the 1.2822 support at the end of last week's trading, the pair returned with gains that reached the 1.2911 resistance at the beginning of this week,
Investor risk appetite returned amid optimism that the US-China trade agreement could happen and the USD/JPY pair had a better chance of an upward correction to the 109.20 resistance
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AUDUSD: Dominant bearish trend line still holds
The Aussie dollar has been noisy during the trading session yet again on Monday, as we continue to chop around in general.
The Euro initially tried to rally during the trading session on Monday but found enough resistance yet again to turn around and form a bit of a negative looking candle
The British pound gapped higher to reach above and show signs of bullish pressure yet again.
The S&P 500 has gapped higher to kick off the week on Monday, slamming into the top of the uptrend and channel.
The NASDAQ 100 has gapped at the open on Monday, shooting towards the upside. At this point, the market looks as if it is going to face a little bit of trouble
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The US dollar has rallied a bit during the trading session on Monday, breaking clearly above the 200 day EMA.
Bitcoin: Recovery from 6-month low prices
Ripple has been dragged down by Bitcoin and the Ripple Foundation, the entity in control of supply, has been continuously accused of dumping XRP on the market.
Canadian wholesale trade sales released yesterday surprised to the upside and provided the necessary catalyst to force a breakout in the CAD/JPY above its support zone.
Comments out of the Swiss National Bank that an interest rate cut remains on the table has pressured the Swiss Franc to the downside, despite its safe-haven appeal