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 Bitcoin market has gone back and forth during the trading session on Tuesday, as we continue to test the bottom of the previous descending triangle,
Gold markets fell rather hard during the trading session on Tuesday, slicing through the 50 day EMA like it wasn't even there.
The British pound has gone back and forth during the trading session on Tuesday as we continue to see a lot of noise in general.
The US dollar has rallied significantly during the trading session on Tuesday as the ISM Nine Manufacturing PMI figures have come in much better than anticipated.
The S&P 500 went back and forth during the trading session on Tuesday, showing signs of momentum running out.
The Australian dollar tried to rally during the trading session on Tuesday, but then rolled over to form a bit of a shooting star
The NASDAQ 100 has gone back and forth during the trading session on Tuesday, showing signs of exhaustion and although the market had looked rather strong initially
The Euro broke down significantly during the trading session on Thursday, as the ISM Non-Manufacturing PMI figures have been much better than anticipated.
USDCAD: Bearish flag pattern dominates
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As the risk-on mood is showing signs of fatigue, the Japanese Yen could see a slow inflow of capital from risk averse traders.
Volatility in the Canadian Dollar increase after the Bank of Canada opened the door to a possible interest rate cut, but bond markets in the US suggests that pressure on interest rates may be to the upside.
USDCHF Analysis: Strong resistance likely at 0.9945
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EURUSD: Today’s pivotal point likely to be 1.1063
Australian economic data was mixed, Chinese data came in a touch softer and overall global data showed that the economy remains fragile at best.