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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Gold markets rallied significantly during the trading session on Tuesday but gave back quite a bit of the gains in order to show signs of weakness.
The 5100 initially tried to rally during the trading session on Tuesday but gave back gains as we get close to the 6000 level in the futures market.
The West Texas Crude Oil market has sold off rather drastically during the trading session on Tuesday, reaching down below the $21 level.
The Australian dollar has rallied again during the trading session on Tuesday
The NASDAQ 100 has exploded to the upside during the trading session on Tuesday
The S&P 500 has rallied significantly during the trading session on Tuesday, clearing the 50 day EMA quite handily.
The British pound rallied significantly during the trading session on Tuesday, reaching towards the 200 day EMA
The US dollar has fallen against the Japanese yen during the trading session on Tuesday, reaching down towards the vital ¥107 level.
The Euro rallied a bit during the trading session on Tuesday, as we continue to see a lot of bullish pressure and we broke above the 50 day EMA.
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The USD/JPY fell by more than 100 points during Monday's trading session, to the 107.50 support, before settling around the 107.75 level in the beginning of Tuesday’s trading.
The recent purchases pushed gold prices towards the $1723 resistance, the highest price for the yellow metal in seven and a half years, before settling around the $1713 level in the beginning of Tuesday’s trading.
For the sixth consecutive day, the GBP/USD pair continues to benefit from the weakness of the USD and optimism about the improvement of the health of British Prime Minister Boris Johnson, who was exposed to symptoms of the Coronavirus.
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Sign up to get the latest market updates and free signals directly to your inbox.Although the US dollar fell sharply against most other major currencies, attempts of the EUR/USD pair of an upward correction are facing weakness.
The S&P 500 initially tried to rally during the trading session on Monday as traders came in at bottom of the E-mini contract.
Silver markets gapped lower to kick off the week on Monday, and then reached towards the $15.25 level or so.