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 US dollar will be very quiet during the training session on Tuesday against the Japanese and, as we await the Federal Reserve FOMC meeting announcement on Wednesday.
The S&P 500 has rallied to a fresh, new high during trading on Monday as the trading public is trying to get ahead of the Federal Reserve announcement.
The NASDAQ 100 has shown signs of resiliency again on Monday, finally breaking out to the upside in making a fresh, new hire.
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The British pound has rallied a bit during the trading session on Monday as traders came back to work from the weekend.
The Australian dollar has rallied a bit during the training session on Monday, breaking above the top of a shooting star from the previous session on Friday.
Looking at the market, you can see there Monday was less than spectacular.
Bitcoin has exploded to the upside of the weekend in thin trading as the Chinese President suggested that crypto currency was in fact a viable alternative for transactions.
Natural gas markets gapped higher to kick off the week on Monday, and then eventually broke above the 200 day EMA.
Gold markets have fallen a bit during the trading session on Monday, crashing into the 50 day EMA.
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After the cryptocurrency market received a strong bullish momentum boost from Bitcoin’s 4th best daily performance on record last week,
UK Prime Minister Boris Johnson lost yesterday’s Parliament vote for a snap election on December 12th 2019, but he will try again today.
USDCHF Analysis: Weakly bullish above 0.9940
GBPUSD: A little more bullish on Brexit extension
EURUSD: Consolidating between 1.1063 and 1.1121