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 Federal Reserve has proven yet again that it works for Wall Street, and not the overall Main Street economy by giving Wall Street the 50 bps cut
The Nasdaq markets initially tried to rally during the trading session on Tuesday, and it gained even more after the Federal Reserve came in and cut interest rates.
The British pound has rallied a bit during the trading session on Tuesday after the Federal Reserve cut rates by 50 basis points.
The West Texas Intermediate Crude Oil market gapped to kick off the trading session to the upside on Tuesday, and then took off even further
The natural gas markets as rallied during the trading session on Tuesday, reaching as high as $1.85 before pulling back.
Bitcoin went back and forth during the trading session again on Tuesday as Bitcoin traders simply have no idea what to do with the global economic situation.
Gold markets rallied a bit during the trading session on Tuesday as the Federal Reserve stepped in and cut interest rates by 50 basis points in a surprise move.
USD/JPY: Pivotal Point at 107.53
BTC/USD: Pivotal point at $8,682
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Following the breakdown in the ETH/USD below its ascending 61.8 Fibonacci Retracement Fan Resistance Level, the uptrend has ended.
GBP/USD: Pound Remains Weak
New Zealand reported its first case of Covid-19 and calls for the Reserve Bank of New Zealand to cut interest rates are on the rise
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Sign up to get the latest market updates and free signals directly to your inbox.After the US Federal Reserve slashed its benchmark interest rate by 50 basis points to 1.00% yesterday, downside pressure on the US Dollar increased.
Fourth-quarter Australian GDP surprised to the upside, eliminating fears of a technical recession in the first quarter.
EUR/USD: Euro acting as safe haven