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 recent recovery of the US dollar did not prevent the GBP/USD currency pair from maintaining its gains steady around the 1.3745 resistance level, after it retreated to the 1.3609 support amid a natural correction.
Despite the improvement in US consumer confidence, the USD/JPY remains stable around the 103.60 support level.
Strong moves in the EUR/USD pair are expected as markets and investors await monetary policy decisions by the US Federal Reserve.
Despite bearish consolidation, support around $30K is still holding.
Euro remains weak compared to other major currencies.
The crude oil markets tried to rally initially during the trading session on Tuesday but gave back the gains as we start to reach towards the FOMC.
The FTSE 100 fluctuated during the trading session on Tuesday, as we continue to bounce around the 6600 level.
The DAX index initially gapped higher to kick off the trading session on Tuesday only to turn around and fall to fill that gap and reach towards the 50-day EMA underneath.
The NASDAQ 100 initially dipped during the trading session on Tuesday but then ended up plowing much higher as we continue to see a lot of upward pressure.
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The S&P 500 initially pulled back during the trading session on Tuesday, but turned around to show signs of life again.
Gold markets have been relatively quiet during the trading session as we await the FOMC results, and perhaps more importantly, the press conference that Jerome Powell will be giving afterwards.
Silver markets did very little during the trading session on Tuesday as traders around the world await the results of the FOMC meeting, and perhaps more importantly, the press conference afterwards.
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The euro initially fell during the trading session on Tuesday but continues to find buyers underneath.
The British pound initially pulled back during the trading session on Tuesday but found enough support near the 1.36 level to turn things around and rally towards the 1.3750 level again.