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 bears succeeded due to factors supporting them in pushing the US dollar against the Japanese yen towards the 108.83 support before settling around the 108.93 level
The strong recent losses of the US dollar were a major reason for the rise in the price of gold to the level of 1875 dollars an ounce, near its highest since the beginning of trading in 2021.
The USD/MXN has seen its short-term range consolidate the past couple of days, but bearish sentiment remains the dominant feature.
The USD/ZAR is near long-term key support levels as the Forex pair displays an ability to maintain its bearish stance.
The USD/INR has continued to exhibit bearish movement and the Forex pair is now trading vicinity which will likely attract speculative wagers on direction.
The USD/SGD has produced a solid bearish move the past two days and has moved into a trading range which needs attention.
Bitcoin has lost one third of its value in under 10 days.
The NASDAQ 100 rallied a bit during the course of the trading session on Tuesday as we reached towards the 50-day EMA but then broke back down.
The West Texas Intermediate Crude Oil market initially fell rather hard during the trading session but turned right back around to show signs of strength as the $64 level offered significant support.
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The US dollar has fell initially during the trading session on Tuesday but continues to look at the 1.20 level as an area that is worth paying attention to.
The FTSE 100 initially rallied during the trading session on Tuesday but gave back the gains in order to show signs of confusion.
The S&P 500 initially tried to rally during the trading session on Tuesday but gave back the gains to show less-than-enthusiastic momentum.
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The British pound rallied again during the course of the trading session on Tuesday to test the 1.42 level.
The Bitcoin market has found a little bit of selling yet again, so it looks like it will continue to go to the downside.