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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Australian consumer sentiment for May recovered due to gradual easing of lockdown measures, but extreme caution is warranted.
Silver markets went back and forth during the trading session on Tuesday as we continue to see a lot of hesitation in the market.
Gold markets have rallied a bit during the trading session on Tuesday but did not hang on to all of the gains.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Tuesday, as we continue to test the 50 day EMA.
The Bitcoin market initially pulled back just a bit during the trading session on Tuesday after the long-awaited halving on Monday.
Australian consumer sentiment for May recovered due to gradual easing of lockdown measures, but extreme caution is warranted.
At the beginning of this week’s trading, despite the gloomy US job numbers, the price of the EUR/USD currency pair fell back to the 1.0800 psychological support area again
After the markets absorbed the US jobs numbers for April, which were announced last Friday, the markets will monitor the reaction from the announcement of inflation figures
The GBP/USD currency pair failed again to correct upwards, as the pair tumbled in the beginning of this week's trading to the 1.2282 support
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The return of the US dollar strength after the markets absorbed the jobs report results for the month of April, which carried a lot of alarming numbers
South African companies started to implement wage cuts to preserve dwindling cash piles due to the nationwide lockdown in response to the Covid-19 outbreak.
AUD/USD: Medium-term strength in the AUD
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The British pound initially tried to rally during the trading session on Monday, but then broke down towards the 1.23 level yet again.
The Euro initially tried to rally during the trading session on Monday but gave back quite a bit of the gains as we broke above the 1.08 level.