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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AUD/USD: Likely that the price has put in a long-term bottom
USD/JPY: Key Forex pair to watch
The Euro initially tried to rally a bit during the trading session on Tuesday, but gave up gains near the 1.1450 level again, only to break down below the 1.13 handle during the trading session.
The British pound has broken down during trading on Tuesday, as the US dollar got a bit of a boost after being oversold against Sterling.
The Australian dollar broke down a bit during the trading session on Tuesday again to reach down below the 0.65 level.
BTC/USD: Selling pressure remains
The gold markets dropped somewhat significantly during the trading session on Tuesday as we are taking a bit of a break from the massive “risk off”
Canada’s exposure to the oil market has increased recession risks following the most massive oil price contraction since 1991.
GBP/USD: Expect more volatility
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EUR/USD: High volatility
AUD/USD: Likely that the price has put in a long-term bottom
In the beginning of this week's transactions, we noticed violent price gaps, amid increasing global fears of a growing Corona spread
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Sign up to get the latest market updates and free signals directly to your inbox.Sharp sales in global stock markets and the USD, along with continues fears regarding the Corona virus are all factors that motivated the price of gold
For the third consecutive week, the USD/JPY pair continues its sharp losses, as the pair surged to the 101.17 support in the beginning of this week's trading
GBP/USD price gains halted at the 1.3200 resistance, its highest in five weeks, and profit taking sales pushed the pair to the 1.3061 support,