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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Silver markets have pulled back just a bit during the trading session on Tuesday but found plenty of buyers underneath to turn around and form a bit of a hammer-like candlestick.
Gold markets have shown themselves to be somewhat resilient in the sense that we have bounced from the 50 day EMA recently and have broken above the $1700 level.
The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Tuesday, as we are waiting to see whether or not we will continue to go higher, perhaps reaching towards the top of the gap.
Mexico's Finance Minister Herrera announced the economy most likely plunged 17% in April and expects a marginally smaller drop for May.
While optimism across financial markets remains unrealistically elevated about the gradual reopening of economies, the reality is distinctly different.
South Africa asked assistance from the International Monetary Fund’s coronavirus relief facility.
Suddenly, USD/JPY gains evaporated to reach the 108.23 support and gains at the end of last week’s trading reached the 109.84 resistance, the highest level in two and a half months, and is now settling in the beginning of today’s trading around the 108.47 level.
With the beginning of this week’s trading, gold prices rose again to the level of $1700 psychological resistance after recording its lowest level in more than a month, at to the $1670 support, after the better than expected numbers of US jobs, which contributed to more investor risk appetite.
The S&P 500 has rallied quite drastically during the trading session on Monday, as we have cleared the 3200 level.
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For the third consecutive day, the GBP/USD pair stabilized around and above the 1.2700 resistance.
The Polish Zloty is an interesting speculative currency for traders because it serves as a barometer for geo-political sentiment between Europe and Russia,
The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Thursday but gave back the gains to form a negative candlestick.
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Sign up to get the latest market updates and free signals directly to your inbox.In the beginning of this week’s trading, the EUR/USD pair tried to compensate for its losses.
The Japanese yen has strengthened quite a bit against the US dollar during trading on Monday, as traders brought the pair back towards the 200 day EMA.
AUD/USD: Bearish reversal from multi-month high price