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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For three consecutive trading sessions, the price of the EUR/USD pair is stabilizing below the 1.1100 support, with the return of the bears dominating the performance, as the European currency losing the momentum to succeed in the recent correction attempts.
The US dollar has rallied slightly during the trading session against the Japanese yen on Monday.
The S&P 500 has done very little in the electronic markets on Monday, which of course isn’t much of a surprise considering that the Americans were celebrating Martin Luther King Jr. Day.
The NASDAQ 100 has done very little during the Monday session in the electronic markets, as the underlying index certainly wasn’t open due to the Martin Luther King Jr. holiday in the United States.
The Euro stabilizes a bit during the trading session on Monday, as we continue to dance around the 50 day EMA.
AUD/USD: More bearish below 0.6850
Bitcoin has initially rallied during the trading session on Monday, breaking above the $9000 level but has turned right back around to form a bit of a shooting star.
The British pound initially fell during the trading session on Monday, breaking well below the 1.30 level.
The West Texas Intermediate Crude Oil market initially rallied during the trading session on Monday but gave back the gains closer to the $60 level.
Bonuses & Promotions
Natural gas markets gapped lower to kick off the trading week, but it should also be noted that the Americans were away for Martin Luther King Jr. holiday,
The Australian dollar has gone back and forth during the trading session on Monday, forming a bit of a neutral candlestick.
The gold market rallied slightly during the trading session on Monday afternoon initially gapping lower.
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BTC/USD: Long-term buyers boost price in 2020
Reports that US President Trump and French President Macron called a truce in pending tariffs and taxes at the World Economic Forum in Davos, Switzerland,