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.
Most Recent
AUD/USD: More likely that the price put in a medium-term bottom
The Euro rallied again during the trading session on Tuesday as the Federal Reserve cut interest rates by 50 basis points in a surprise move.
The Australian dollar has broken down significantly after rallying due to a surprise 50 basis point interest rate cut by the Federal Reserve as it proves who it works for yet again.
The S&P 500 rallied initially during the trading session on Tuesday, breaking above the 3100 level before pulling back down.
The Federal Reserve has proven yet again that it works for Wall Street, and not the overall Main Street economy by giving Wall Street the 50 bps cut
The Nasdaq markets initially tried to rally during the trading session on Tuesday, and it gained even more after the Federal Reserve came in and cut interest rates.
The British pound has rallied a bit during the trading session on Tuesday after the Federal Reserve cut rates by 50 basis points.
The West Texas Intermediate Crude Oil market gapped to kick off the trading session to the upside on Tuesday, and then took off even further
The natural gas markets as rallied during the trading session on Tuesday, reaching as high as $1.85 before pulling back.
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Bitcoin went back and forth during the trading session again on Tuesday as Bitcoin traders simply have no idea what to do with the global economic situation.
Gold markets rallied a bit during the trading session on Tuesday as the Federal Reserve stepped in and cut interest rates by 50 basis points in a surprise move.
USD/JPY: Pivotal Point at 107.53
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Following the breakdown in the ETH/USD below its ascending 61.8 Fibonacci Retracement Fan Resistance Level, the uptrend has ended.
GBP/USD: Pound Remains Weak