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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Bitcoin: Bearish head & shoulders would complete below $7,000
US Dollar weakness may be one of the key trends in the Forex market for 2020, but the current sell-off in the world’s top reserve currency appears ripe for a short-term bounce.
January will feature Brexit and usher in the transition period, which is officially ending on December 31st 2020.
Bearish momentum is accumulating after this currency pair pushed into its resistance zone on the back of the low volume.
With two days remaining in 2019 and many traders on vacation until next week Monday.
GBPUSD: More bullish above 1.3136
EURUSD: Strongly Bullish Breakout
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US Dollar weakness is accelerating, and the trend is anticipated to gain more momentum in 2020.
The Euro has rallied a bit during the trading session on Thursday as we came back from the Christmas break.
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The S&P 500 rallied a bit during the trading session on Thursday as traders came back from the Christmas break.
The US dollar has rallied significantly during the trading session on Thursday as some traders will have come back from the Christmas holiday to start placing orders again.