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 gold markets initially tried to break out above the 200 day EMA during the trading session on Thursday but gave back the gains to show the 200 day EMA to be rather resilient.
After achieving a solid amount of bearish activity, the USD/MXN has seen its trajectory run into stiff support levels the past two days.
DOGE/USD has seen a whirlwind of trading activity in the past week, and its time in the spotlight has created a dangerous speculative battle.
ADA/USD has crept higher the past couple of days as volatility remains a feature, and bullish activity continues to percolate.
Bullish over and under pattern forming neckline at 1.2050.
ETH/USD has produced an incremental climb the past couple of days and its rather steady and calm traverse near highs should intrigue speculators.
The decline of the US dollar and renewed fears of increasing COVID infections contributed to moving the price of gold to the $1797 resistance level, closing in on the psychological peak of $1800.
It was natural, with the GBP/USD pair moving to the 1.4000 psychological resistance amid a sharp upward rebound, to be followed by profit-taking.
The USD/JPY's bearish performance was strengthened after it breached the 108.00 psychological support level, with losses to the 107.88 support level, before stabilizing around 108.05 as of this writing.
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The bulls are trying to maintain the stability of the EUR/USD pair above the 1.2000 psychological resistance to confirm the bullish rebound.
The West Texas Intermediate Crude Oil market broke down a bit during the trading session on Wednesday, slicing through a significant area of support at the $62.25 level.
The euro fell a bit during the trading session on Wednesday to reach down towards the one point to zero level, where it turned around promptly and formed a hammer.
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Sign up to get the latest market updates and free signals directly to your inbox.The British pound pulled back initially during the trading session on Wednesday against the US dollar, but then turned around to show signs of strength.
The NASDAQ 100 has rallied significantly during the course of the trading session on Wednesday to reach towards the 13,915 handle.
The S&P 500 rallied significantly to wipe out all of the losses from the previous session, as traders came in to pick up the market on Wednesday and shake off any concern seen in the previous 24 hours.