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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Major currencies are trying to offset their recent losses against the strength of the US dollar.
For four straight trading sessions, the gold price recorded stronger gains, testing the $1,470 resistance level of in morning trades on Tuesday, despite recent gains in the US dollar.
The recent violent bearish correction pushed the USD / JPY pair to move towards the 105.51 support level in early trading on Tuesday, its lowest level in seven months
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NZDUSD: Psychological level at 0.6500 continues to hold
AUDUSD: Price retreats from 10-year low at 0.6745
The Euro ripped to the upside during the trading session on Monday as the rhetoric between the United States and China has heated up, showing signs of getting worse, not better.
The WTI Crude Oil market continues to consolidate around a large, round, psychologically significant figure, as we are near the $55 handle.
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The S&P 500 broke down pretty significantly during the trading session on Monday, slicing through the 200 day EMA.
The US dollar got hammered during the trading session on Monday, as we had a major “risk off” move in both Forex markets and of course the equity markets.
The British pound is negative longer term, but over the last couple of sessions we have seen this market essentially consolidating around the 1.2150 level.
The NASDAQ 100 broke down rather significantly during the day on Monday, slicing through the vital 200 day EMA.
Bitcoin rallied significantly during the trading session on Monday to kick off the week, gaining over 10%.
Natural gas markets gapped lower to kick off the Monday trading session before grinding even lower.