The USD/ARS remains a long-term buy for speculators with the capability to hold onto positions and manage their risks.
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 USD/SGD has regained strong momentum downward and its ability to sustain lower values should be watched intently.
At the beginning of Thursday's trading, the price of gold stabilized around the $1835 level after the dollar's decline had pushed it towards the resistance level of $1855.
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The strong bullish momentum of the GBP/USD pair continues as it tested the 1.3865 resistance, its highest since April 2018, and settled near it as of this writing.
The turmoil regarding US economic stimulus plans continues to weaken risk sentiment towards the dollar.
Throughout this week's trading, the EUR/USD, was in a bullish correctional range, which pushed it to the resistance level at 1.2144 before settling around 1.2126 as of this writing.
The West Texas Intermediate Crude Oil market fluctuated during the course of the trading session on Wednesday as we have tested the $59 level.
The US dollar went back and forth during the course of the trading session on Wednesday as we hang around the 1.27 level.
The FTSE 100 fluctuated during the course of the trading session on Wednesday, as we have been flirting with the 50-day EMA.
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The S&P 500 fluctuated during the course of the trading session on Wednesday as we continue to dance around the 3900 level.
The NASDAQ 100 fluctuated during the course of the trading session on Wednesday as we are now starting to get a little over-stretched.
The gold markets rallied a bit during the trading session on Wednesday but continue to see a significant amount of resistance above the 50-day EMA as there is a bit of selling near the $1850 level.
The Australian dollar fluctuated during the course of the trading session on Wednesday as we reached towards the 0.7750 level.
Bitcoin markets pulled back a bit during the trading session on Wednesday as the market clearly had gotten ahead of itself.
The British pound continues to look very bullish, continuing the gains that we had seen during the previous session.