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.
Most Recent
AUD/USD: Lots of room to fall further
USD/JPY: Risk-off shocks boost Yen
Bitcoin: 2020 has seen solid long-term buying
After this currency pair was rejected by its resistance zone, a more massive corrective phase is expected to follow.
GBP/USD: Ascending Trend Line has Held
Economic fundamentals continue to improve for Turkey as the Eurozone is at risk from its central bank’s monetary policy, fueling structural issues.
EUR/USD: Support level at 1.0993 looks pivotal
Brexit is less than 72 hours away, and while opinions on the long-term impact differ, the British Pound is advancing.
Australian economic data came in slightly better than expected and was just enough to stabilize the AUD/SGD inside of its support zone.
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The struggle of safe heavens appears evident in the performance of the USD/JPY pair.
In the beginning of trading this week, gold prices moved strongly towards the top, recording the $1588 resistance, the highest level in more than two weeks, before stabilizing around $1580 at the time of writing.
The GBP/USD price is trying hard to avoid a drop below the 1.3000 psychological support to avoid more selling.
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Sign up to get the latest market updates and free signals directly to your inbox.The strength of the US dollar, as investors took it as a safe haven in light of fears of a virus epidemic, along with a lower-than-expected reading of the German business climate IFO index, put pressure on the EUR/USD pair to retreat to the 1.1009 support, its lowest level in nearly a month.
Price action is nearing the end of a strong rally, spanning a pivotal support zone and a substantial resistance zone.
After this currency pair recorded a higher high and pushed through its descending 50.0 Fibonacci Retracement Fan Resistance Level, a reversal emerged.