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 initially tried to rally again during the day on Tuesday but failed at the downtrend line that I have drawn on the chart.
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The Euro initially rallied during the trading session on Monday, as people were starting to react to the escalated trade war tensions, but the fact that China retaliated should not have been a surprise at all.
The US dollar rallied significantly against the South African Rand as you would expect, as the global markets sold off rather drastically.
The S&P 500 collapsed during trading on Monday, slicing all the way down to the 2800 region at the close.
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The US dollar fell significantly during the trading session on Monday as traders freaked out about the Chinese extending the trade war.
Gold markets took off to the upside on Monday, slicing through the previous neckline that had people looking for a head and shoulders pattern.