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 yellow metal is still under downward pressure due to increased investors’ risk appetite and gains in global stock markets due to investors' optimism
For the second day in a row, USD/JPY is moving in a limited range between the 108.90 support and the 109.25 level awaiting any developments.
NZDUSD: More Bearish
AUDUSD: More bearish
USDJPY: More bullish above 109.10
As the Eurozone economy is poised for more weakness in the years ahead, analysts try to determine how low the EUR/USD may fall.
Global trade uncertainty, a potential Bank of Canada interest rate cut and mixed Japanese economic data has created a volatile trading environment for the CAD/JPY.
This week’s expected interest rate cut by the Reserve Bank of New Zealand is pressuring the New Zealand Dollar to the downside.
Australian economic released this morning showed an improvement in business conditions and confidence which halted the short-term correction in the AUD/USD.
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Bitcoin: Bearish below $8,803
USDCAD: Bullish breakout from flag pattern continues
USDCHF Analysis: Less bullish
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EURUSD: Bearish over the medium term
The US dollar will continue to struggle against the Japanese yen going into the next several days, as the 61.8% Fibonacci retracement level has obviously been very resistive.