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 FTSE 100 was very noisy during trading on Tuesday as we continue to hang around the 50-day EMA.
This morning’s early high was around the 0.60835 vicinity which touched values last seen on the 18th of July.
Bitcoin has risen over recent days, printing new obvious and higher stairstep levels of key support, despite the long-term bearish trend that has been established since the start of June.
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he GBP/USD currency pair rallied as the US dollar index retreated by more than 0.50% after the encouraging Producer Price Index (PPI) report.
The EUR/USD pair rallied to the psychological resistance point at 1.100, its highest point since January 2nd.
It’s easy to see that the US dollar is still flat on its back against the Malaysian ringgit.
The AUD/USD exchange rate continued its strong recovery after a series of important economic data from Australia and the United States.
I recognize that this asset is testing the crucial 200-Day EMA.
I can see this asset is doing everything it can to break out to the upside.
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Bitcoin has gone back and forth during the course of the trading session on Tuesday.
The first thing I notice is that the ¥190 level has offered a significant amount of resistance.
At the beginning of this week, the USD/JPY currency pair rose, surpassing the 148.00 resistance level amid thin trading volumes as Japanese markets were closed due to a holiday.
At the start of this week’s trading, gold futures approached an all-time daily high as investors prepare for key US inflation data.
Recently, the EUR/USD exchange rate has consolidated its gains made in early August in recent trading, but it may have room to decisively overcome the nearby resistance around 1.0935 and approach the 1.10 level in the coming days.
For the past five trading sessions, the GBP/USD currency pair has been trying to rebound upwards, but its gains have been capped at 1.2793 before settling around the 1.2760 level at the beginning of trading on Tuesday.