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 S&P 500 had rallied a bit during the trading session on Wednesday, to reach to a fresh, new high but then gave back quite a bit of the gains.
The natural gas markets have gone back and forth during very quiet trading on Wednesday, as we await the next move.
The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Wednesday, slicing through the 200 day EMA
The gold markets initially pulled back during the trading session on Wednesday but continue to find buyers at the $1550 level.
USD/JPY: Bearish
BTC/USD: Level looks increasingly pivotal
Downside pressure on the Singapore Dollar increased after the 2019 GDP came in at the lowest growth rate in ten years, at 0.7% annualized.
After the Bank of Canada kept its interest rate unchanged at 1.75%, in a move widely anticipated by financial markets,
GBP/USD: Breakout from triangle formation
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EUR/USD: Resistance at 1.1100 looks pivotal
Japanese trade data for December showed the global economic slowdown extended, which drove safe-haven traders to the Japanese Yen.
Australian consumer inflation expectations surged to 4.7% in January.
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Sign up to get the latest market updates and free signals directly to your inbox.The spread of the Corona virus in China and the official announcement of the six deaths so far have frightened global markets, and global stock indicators collapsed amid expectations of more rapid spread of the virus.
Gold prices witnessed fluctuation in performance during yesterday's session between the $1569 resistance and a rapid decline.
The improvement in job numbers and wages in the UK has not completely ended the pessimism that occurred after the announcement of the GDP growth and inflation figures from the UK.