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 US dollar initially tried to rally against the Mexican peso on Tuesday but did give back a bit of the gains rather quickly.
The S&P 500 initially fell during the trading session on Tuesday but did find enough buyers underneath at the 2965 level to turn things around.
The Australian dollar broke down during the day on Tuesday, slicing through the bottom of the inverted hammer from the Monday session.
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Crude oil markets did very little during the trading session on Tuesday as we continue to dawdle around the 50 day EMA.
The NASDAQ 100 fell initially during trading on Tuesday, reaching down to the 7750 level before turning back around and rallying quite nicely.
Natural gas markets initially broke down during the trading session on Tuesday as per usual, as this market has been very bearish for the longest time.
Looking at the US dollar, you can see that we were rather bullish to kick off the trading session on Tuesday but haven’t ran into a significant amount of resistance above the ¥108 level.
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Gold markets continue to grind and go nowhere ahead of the Humphrey Hawkins testimony scheduled for Wednesday and Thursday in the United States.