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 price of the EUR/USD pair is trying to correct higher for the third consecutive day, but gains are still limited and not exceeding the 1.1146 level, before settling around 1.1138 at the time of writing.
2020 allowed for an impressive recovery across the cryptocurrency sector, but signs of a new breakdown sequence started to materialize.
We expected before the beginning of this week’s transactions that gold prices may lose more of their gains with optimism in the financial markets .
There is no doubt that the announcement of the British economy shrinking yesterday to the lowest level in 2012 confirms the concerns of the monetary policy makers of the Bank of England.
We have always waited a long time for USD/JPY to breach through the 110.00 psychological resistance to confirm the reversal of the pair’s general trend upward.
AUDUSD: Pivotal point at 0.6885
USD/JPY: Long-term bullish breakout above 110.00
Bitcoin: More bullish above $8,375
Mixed UK economic data is adding to downside pressure in the British Pound, with Brexit roughly two weeks away.
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Japan reported a bigger-than-expected current account surplus but posted a surprise trade deficit for December
The US dollar has rallied quite significantly during the trading session on Monday to kick off the week, testing the major resistance barrier that I have been talking about for months.
Chinese trade data for December showed a sharp increase in exports, but this is likely due to demand from the holiday shopping season.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 has rallied quite nicely during the trading session on Monday.
The natural inclination of the NASDAQ 100 has been to go higher for quite some time, and now we are clearly above the 9000 handle.
The Euro has rallied nicely to kick off the week on Monday, peeking above the 200 day EMA.