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 WTI Crude Oil market should continue to grind a little bit higher in the short term, but I do think that by the end of the day we will find sellers to push this market back down.
The S&P 500 initially tried to rally during the trading session on Tuesday but gave back quite a bit of the gains as we reach towards the 2900 level.
The natural gas markets fell during the trading session on Tuesday, as we continue to see a lot of resistance above and it’s likely that we will continue to go lower.
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The Bitcoin market has done very little during trading on Tuesday, as we continue to see plenty of support just below.
The Australian dollar has done almost nothing during the last couple of weeks, and of course Tuesday was no different.
The British pound has broken higher during the trading session on Tuesday, reaching towards the 1.23 level.
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The US dollar fell a bit during the trading session on Tuesday, reaching below the ¥106 level.
For those of you that don’t know, this is typically one of the least exciting trading weeks of the year, as quite a few of the larger traders around the world are on awaited vacation.
The NASDAQ 100 tried to rally during the trading session on Tuesday but found a lot of resistance above the 7600 level.
Gold markets are very likely to continue going higher given enough time, because although we ended up forming a massive shooting star during the Monday session, we have seen the market continue to try to grind to the upside.
The beginning of this week's trading was positive for the EUR / USD as it moved towards the 1.1163 resistance.