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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Cotton markets have fallen during the trading session on Friday, breaking below the $70 level.
Bitcoin markets have been rather positive as of late but have also pulled back the last couple of days.
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Ripple’s XRP token sales plunged by 80% in the fourth quarter of 2019 to the lowest amount in three years.
Following a lower low in the EUR/USD, the downtrend remains intact but technical developments suggest a short-covering rally is brewing.
Preliminary PMI data for January out of Australia showed an acceleration of recessionary data, with the services sector leading.
Fourth-quarter consumer prices in New Zealand rose more than anticipated, with the annualized CPI clocking in at 1.9%.
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The US dollar has pulled back a bit during the trading session on Thursday against the Japanese yen, reaching down towards the 50 day EMA before bouncing.
The Australian dollar has been all over the place during the trading session on Thursday, initially shooting higher due to the employment figures being better than anticipated.
The gold markets have gone back and forth during the trading session on Thursday, as we continue to try to build up enough momentum to go higher.
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Cotton markets have pulled back a bit during the trading session on Thursday, as the $71 level continues offer a lot of resistance
The West Texas Intermediate Crude Oil market gapped lower at the open on Thursday, breaking all the way down to the $55 level as the inventory number was better than anticipated,