The German index initially pulled back a bit during the course of the trading session on Tuesday as we have seen more lockdowns coming to Germany.
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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British pound traders sold early during the trading session on Tuesday and continued to do so throughout the day.
The S&P 500 has pulled back a bit during the course of the trading session on Tuesday as we continue to see a lot of volatility just above the 3900 level.
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The Australian dollar has broken a major trendline that goes back well over six months in order to show signs of negativity again.
The US dollar has rallied a bit during the trading session on Tuesday to reach all the way to the 1.26 level before pulling back.
Bitcoin markets have initially fallen during the trading session on Tuesday but turned around to form a bit of a hammer.
The West Texas Intermediate Crude Oil market has dropped rather significantly during the trading session on Tuesday again, slicing through the 50 day EMA.
Gold markets have fallen a bit during the trading session on Tuesday, as we look likely to roll over and go looking towards the $1700 level again.
Amid profit-taking and new bearish pressure, the USD/JPY pair was pushed to the 108.60 support level before settling around the 108.76 level at the time of writing.
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The EUR/USD declined slightly as the market continued to focus on the US bond market ahead of key auctions scheduled for later this week.
The strength of the US dollar continues to negatively affect the performance of gold prices, which fell to the support level of $1727 before settling around $1737 as of this writing.
The GBP/USD is under pressure ahead of the latest UK jobs numbers and the US new home sales numbers.
The EUR/USD pair had a bearish start to the week, moving to the support level of 1.1875 before settling around the resistance level of 1.1935 ahead of testimony from Federal Reserve Chairman Jerome Powell.
The AUD/USD pair retreated in the Australian session as investors focused on the falling commodity prices and the positive statement by Jerome Powell.
The BTC/USD price dropped sharply in the overnight session, erasing some of the gains made during the weekend.