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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In the world of retail trading, a common pitfall is the reliance on candlestick charts for price prediction and candlestick patterns.
The natural gas market experienced a notable upswing during Tuesday's trading session, with prices surpassing the $2.64 level in early trades.
During Tuesday's trading session, crude oil markets initially experienced a decline but found substantial support at the lower end of the recent consolidation range.
During Tuesday's trading session, the AUD/USD exhibited significant negativity, notably slicing below the 200-Day Exponential Moving Average.
$1.2650 area looks pivotal.
The euro continued its strong sell-off as traders embraced a risk-off sentiment.
Bitcoin price continued its strong recovery as the recent surge accelerated.
The Australian dollar continued its downtrend on Wednesday after the latest interest rate decision by the Reserve Bank of Australia (RBA).
Trading in the Turkish lira stabilized against the dollar during early trading on Tuesday morning near its lowest levels ever.
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During Monday's trading session, Bitcoin witnessed a remarkable surge, breaking through the critical $40,000 threshold.
Gold markets experienced a tumultuous session on Monday, witnessing a sharp increase of over $100, followed by a complete reversal.
In the early hours of Monday, the euro exhibited a slight negative trend, yet it continues to find substantial support just below its current levels.
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The US dollar has bounced a bit during the trading session on Monday against the Swiss franc, as the 0.87 level has offered a significant amount of support.
The USD/SGD is trading near short-term highs, this as the currency pair has incrementally found an upwards path the past handful of days.