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 Australian dollar has initially tried to rally during the trading session on Thursday but gave back the gains to show signs of exhaustion again.
The British pound initially tried to rally during the trading session on Thursday but then turned around to reach towards the 1.30 level before bouncing yet again.
Natural gas markets went back and forth during the trading session on Thursday, showing signs of support underneath.
Bitcoin ended up breaking lower during the trading session on Thursday, in a perfect selling opportunity based upon the shooting star from the Wednesday session
The West Texas Intermediate Crude market initially fell during the trading session on Thursday but turned around to form a bit of a hammer sitting right at the 50 day EMA.
Gold markets initially fell during the trading session on Thursday, breaking below the $1550 level before turning around to rally.
While the Eurozone is anticipated to face similar issues in 2020 as it has over the past decade, the Euro may find itself being pushed to the upside.
Bullish momentum is expanding after this currency pair grazed the top range of its short-term support zone.
Economic data out of Australia this morning showed the service sector entering a recession while retail sales surprised to the upside.
Bonuses & Promotions
AUDUSD: Bearish below 0.6882
USDJPY: Strongly Bullish
President Trump’s speech after the Iranian attack on US bases in Iraq, eased a lot of the financial markets fears.
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The concerns of Brexit future returned to the fore again.
Throughout this week's trading, the EUR/USD price is moving within a downward correction that pushed the pair towards the 1.1108 support.