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 Euro tried to rally initially during the trading session on Monday but hasn’t gotten any strength out of this.
You can see the Nasdaq 100 initially rallied just a bit during the trading session on Monday.
The gold market has drifted a little bit lower early during the trading session.
The Bitcoin market initially fell during the trading session on Monday to reach down towards the $40,000 level.
Support is substantial below for AUD at 0.65 level which I consider as near term market floor.
I believe that this is a market that will eventually have to figure itself out from a longer term perspective, but right now it just looks a bit heavy.
Ignoring gravity, the S&P500 showed a lot of upward pressure on Monday.
Silver fell hard early in the session on Monday as it looks like we continue to threaten the $22 level.
Natural gas had a rather sharp fall at the beginning of Monday, as we sort of shifted focus to spring and away from our recent cold snap in America.
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Crude oil markets dipped slightly during Monday’s trading session, then it re-addressed to the upside once again.
Price has room to rise to $1.2786.
The EUR/USD pair remained in a tight range on Tuesday as traders waited for the upcoming ECB decision.
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The AUD/USD pair’s attempts to bounce back faded on Monday.
The move lower in the USD/MXN since Wednesday is a healthy sign for bearish USD/MXN traders, but they should not get overly ambitious.