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 fell hard against the Japanese yen but has bounced significantly to turn around of form a bit of a hammer.
The WTI Crude Oil market went back and forth during the trading session on Tuesday, showing signs of indecision.
The S&P 500 broke down significantly during the trading session on Tuesday, showing quite a bit of negativity.
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Gold markets went back and forth during erratic trading on Tuesday, as the market continues to try to defy gravity.
NZDUSD analysis: Bulls in danger at key 0.6650 / 0.6700 zone
AUDUSD analysis: Bulls pushing price up towards key 0.7000 area
Bitcoin: Strong bullish breakout beyond $10k continues
Despite six consecutive trading sessions where the GBP/USD managed to achieve bullish correction reaching the resistance level of 1.2765
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A stronger bearish momentum ahead for the USD/JPY pair, and therefore, tested support level of 106.77, the lowest in more than five months ahead of Powell's comments.
Since the beginning of this week's trading, the EUR/USD pair is continuing making gains, reaching towards the 1.1411 resistance level at the time of writing, the highest level in three months.
Continuing global trade and political tensions along with the falling US dollar means further gains for gold prices, which reached the resistance level of $ 1439 an ounce in early trading
USDCHF Analysis: Strong Franc making new multi-month highs