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 USD/JPY pair had a volatile trading session on Tuesday, as the market initially pulled back but found buyers at the ¥130 level.
WTI Crude Oil and Brent markets have been struggling lately, facing significant resistance just above current pricing.
The British pound has rallied against the US dollar on Tuesday but faces major resistance just above, with the 1.25 level being a key psychological level.
The AUD/USD rallied during the trading session on Tuesday, facing resistance at the 0.67 level, an area where there has been a lot of action in the past.
The Euro rallied against the USD on Tuesday, breaking above the 1.08 level, but starting to approach an area of serious resistance.
The S&P 500 had a quiet trading session on Tuesday, hanging around the 4000 level.
Gold markets have been very noisy lately, but it seems that the market is stabilizing after the selloff on Monday.
The US dollar has shown quite a bit of back-and-forth trading over the last couple of weeks, with the area near the 0.91 level offering support down to the 0.90 level.
The GBP/USD exchange rate continued rising after the strong UK inflation data and positive consumer confidence numbers from the US.
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The BTC/USD pair was little changed during the Asian session as traders continued reflecting on the ongoing crackdown in the cryptocurrency industry.
The AUD/USD exchange rate darted upwards as the US dollar index (DXY) continued retreating.
My EUR/USD signal on 22nd March produced a nicely profitable long trade from the bullish doji which rejected the support level which I had identified at $1.0760 at the start of the London session that day.
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Sign up to get the latest market updates and free signals directly to your inbox.The recovery of the EUR/USD exchange rate in March was undermined last week.
For the second day in a row, the price of the USD/JPY currency pair is trying to rebound to the upside to compensate for its recent sharp losses.
For two days in a row, the XAU/USD gold price was exposed to profit-taking sales, which brought it to the level of 1944 dollars an ounce.