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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On the daily chart below, it seems clear that the general trend of the EUR / USD continues to be bullish, as the pair holds steady above the 1.1000 psychological resistance, and successfully tested the 1.1085resistance, the highest in a month
For the sixth day in a row, the GBP/USD price continues to jump with gains reaching the 1.2877resistance level, the highest level in five months, before settling around 1.2826 in early trading on Thursday, amid optimism that a chaotic Brexit could be avoided.
Continued fears of the Federal Reserve for the future of the US economy amid continued trade wars led by the Trump administration consolidate expectations that the bank will continue to ease monetary policy to protect the economic growth of the country.
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USDJPY: Bullish consolidation above 108.61
After two consecutive weeks of gains for USD/JPY, and for three trading sessions in a row, the gains are capped at the 108.86 resistance level, where it is stable around at the time of writing.
A period of risk-on mentality gave traders an excuse to realize floating trading profits in gold,
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New hurdles have emerged when it comes to a Brexit deal, but sources claim it is very close.
USDCAD: Today’s pivotal point likely to be 1.3177
USDCHF Analysis: Trendless ranging price action
The natural order of things is that we continue to test resistance, and the NASDAQ 100 level has shown this scenario again.