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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Similar to the Japanese Yen, the Swiss Franc is a safe haven asset which usually outperforms during risk-off sessions.
Despite the growing optimism that the US and China will resolve their trade war to a certain degree, allowing both countries to appear victorious without addressing the core issues
USDCHF Analysis: Weakly bullish above 0.9940
GBPUSD: Consolidating on Brexit uncertainty
EURUSD: Pivotal point likely at 1.1063
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As global economic reports this week highlighted, the economy continues to slow down faster than most economists have predicted.
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Following a breakout above its support zone, the USD/CHF extended its advance and pushed above its descending 38.2 and 50.0 Fibonacci Retracement Fan Resistance Levels, turning them into support.
Downside pressure has increased following yesterday’s ECB announcement which was the last one under Draghi who will leave the central bank,
While bullish momentum in the NZD/USD deflated after being rejected by its resistance zone, the longer term fundamental picture points towards an extension of the advance.
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Sign up to get the latest market updates and free signals directly to your inbox.The British pound initially try to rally during the training session on Thursday but then broke down rather significantly.
The S&P 500 has done very little during the trading session on Thursday, as we continue to press the all-time highs.
During the trading session on Thursday, the Euro went back and forward and all over the place as one would expect