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 strong rally in the AUD/CHF, which originated from its intra-day low of 0.64933, is now exhausted and a sideways trend started inside of its resistance zone.
USDCHF Analysis: Room to rise but choppy
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GBPUSD: Bulls challenging key 1.2500 area
EURUSD: Choppy consolidation above 1.1000 area
USDJPY: Strong resistance from 108.43 to 109.00
At the start of the week, ETH/USD opened with a gap to the upside which took price action above its 61.8 Fibonacci Retracement Fan Resistance Level.
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EUR / USD fell back to the 1.0993 support level as the pair failed to overcome the 1.1109 resistance which was successfully tested last week after the ECB announced its monetary policy and introduced more stimulus plans for the Eurozone economy.
Despite the resumption of the British-EU dialogue sessions on determining the Brexit path, the GBP/USD has stopped the correction which pushed it towards the 1.2505 resistance level
Investors ignored safe havens despite the situation in the Middle East, which portends a war threatening the world's most important oil region.
There is no doubt that the increased investors’ risk appetite is hurting the price of gold , which has now happened with the price falling to $1495 an ounce, and failed at the beginning of this week's trading, to penetrate the $1512 height, recorded after the recent tensions in the Middle East.
Bitcoin: Resistance confluence at $10,440 looks strong