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 EUR/JPY currency pair pulled back just a bit, but then turned around to show signs of life as we had bounced from the 200-Day EMA.
The Federal Reserve has a meeting on Tuesday and Wednesday, and that is almost certainly going to be the main driver of what happens next.
The NASDAQ 100 pulled back during the trading session on Monday, as the 200-Day EMA has caused a little bit of resistance.
The ETH/USD has pulled back during the session on Monday, as we continue to see the Ethereum market consolidate between the 200-Day EMA underneath and the $1700 level above.
The BTC/USD market has pulled back just a bit during the trading session on Monday, as we are starting to see more of a hesitant market for Bitcoin, and therefore we could see this market drop down rather drastically.
The USD/MXN is trading near the 18.74000 level as of this writing.
The Dow Jones Industrial Average fell in its recent trading on intraday levels, breaking a series of gains that lasted for six consecutive sessions, recording losses in its last sessions by -0.77%.
Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Tuesday, achieving slight daily gains until the moment of writing this report, by 0.57%.
The NZD/USD has moved to short-term lows as cautious trading has started to affect behavioral sentiment while financial houses brace for risk-coming events.
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Fear and Loathing of Eskom Hurts South African Rand
A stronger US Dollar has sent the price on a short-term downwards trend.
The EUR/USD price pulled back slightly after the relatively weak German economic data.
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Sign up to get the latest market updates and free signals directly to your inbox.The BTC/USD pair pulled back slightly as bond yields and the US dollar index (DXY) rose while American stocks pulled back.
The AUD/USD pulled back on Tuesday morning ahead of a busy market as key central banks are set to publish their first decisions of the year.
The Japanese yen outperformed before last weekend and continued to build a growing fan club of bullish followers in recent trading.