Gold markets initially tried to rally during the trading session on Tuesday to break above the 50-day EMA quite handily.
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 Australian dollar initially fell during the trading session on Tuesday, but as you can see, it has bounced enough to show hesitation near the 0.73 level.
The Bitcoin market fell again during the trading session on Tuesday to pierce the $30,000 level, the bottom of the most recent consolidation area, which has the $40,000 level as a massive resistance barrier.
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There are initial signs of support at 1.3588.
The EUR/USD is under pressure as investors shift their focus to the upcoming European Central Bank (ECB) decision.
The AUD/USD pair crashed to the lowest level since November last year as investors reacted to the deteriorating condition in Australia.
At the beginning of this week's trading, the bears moved strongly like the performance last week.
At the beginning of this week's trading, gold prices fell sharply to the $1795 support level, its lowest in a week, as the US dollar benefited from the high levels of risk aversion in the financial markets.
Risk aversion persists, as an increase in coronavirus infections in many countries has raised concerns about slowing global economic growth.
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Despite the implementation of the British government’s promise that July 19 would be the day of freedom for the country to abandon the restrictions of Corona,
The NZD/USD continues to demonstrate a strong mid-term bearish trend and long-term lows are now fully within sight for traders to contemplate.
The USD/INR produced a wave of additional volatility yesterday as the Forex pair exploded to new highs and this raises plenty of speculative questions.
The USD/ZAR has produced stabilized trading the past couple of days, but speculators should remain cautious and know storms may develop.
The pair is reaching a new 7-month low price.
ETH/USD has grown more volatile in the past day as support levels have crumbled again and nervous sentiment is clearly being produced technically.