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
With the start of 2020, bullishness across the cryptocurrency sector added to gains, which started to emerge in December 2019.
BTC/USD: Increasing bearish pressure
GBP/USD: Consolidating triangle formation
Crude oil markets rallied a bit during the trading session on Tuesday but found the $60 level to be a bit too expensive and fell towards the 200 day EMA.
Natural gas markets have gapped lower to kick off the first true trading session of the week, as volume came back into play.
Cotton markets got absolutely hammered on Tuesday, which would have been the first full day of liquidity after the Martin Luther King Jr. holiday.
The DAX futures continue to look very positive as we had initially pulled back during the trading session on Tuesday, only to find buyers again
Gold markets have gone back and forth during the trading session on Tuesday as traders have come back to work.
Increasing the bright outlook for the Turkish economy in 2020, amid a slowing global one, is the ongoing support of the government to exporters.
Bonuses & Promotions
While US President Trump and French President Macron announced a truce to allow for negotiations regarding digital taxes and fresh tariffs to continue,
Australian consumer confidence eased further in January, but skilled vacancies rose as the economy has to embark on a rebuilding process after the bush fires wreaked havoc across parts of the country.
EUR/USD: Price getting below double bottom at 1.1081
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Gold prices continue the bullish correction, but with limited gains.
The GBP/USD price is trying to stabilize above the 1.3000 support to avoid further downward pressure, and the pair has fallen recently to the 1.2961 support, with increasing expectations for a near rate cut by the Bank of England.