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 Euro went back and forth during the trading session on Tuesday, showing signs of exhaustion, breaking above the 50 day EMA but then turning around to form some type of shooting star.
The British pound rallied a bit during the trading session on Tuesday, reaching towards the 1.22 level before pulling back to form a very negative sign.
The US dollar has been very volatile against the Mexican peso over the last 24 hours, as we had reached towards the 19.75 pesos level before pulling back.
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The US dollar has had a very erratic trading session against the Japanese yen during the trading session on Tuesday, initially falling as the United States labeled the Chinese “currency manipulators”, which sent the Asian session on fire.
The S&P 500 cratered initially during the trading session on Tuesday as the Americans announced that that they were labeling the Chinese as “currency manipulators”, and that of course is a very bearish turn of events.
The WTI Crude Oil market initially tried to rally during the trading session on Tuesday but then gave back the gains above the $55 level.
The Australian dollar rallied initially during the trading session on Tuesday, slamming into the 0.68 level above, which of course is a large, round, psychologically significant figure.
USDCHF Analysis: Slightly more bullish as 0.9700 holds
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The NASDAQ 100 has broken down significantly during the trading session on Tuesday as it was announced that the Americans were labeling the Chinese as “currency manipulators”, which of course is an increase in the trade tensions.
Natural gas markets gapped a bit during the trading session on Tuesday, then reached towards the $2.15 level before selling off again.
The Gold markets initially gapped higher to kick off the trading session on Tuesday after the Americans named the Chinese “currency manipulators”, while the futures markets were closed.
On Tuesday, the EUR / USD pair continues bullish correction with gains to reaching 1.1250, the highest level in two weeks