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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We continue to see the 11 NOK level offer resistance as the market has pulled back from there.
Silver has shown itself to be positive yet again during the trading session on Tuesday.
During the Tuesday session, we have seen the New Zealand dollar rally a bit during the day, as the ¥90 level continues to be important.
Euro traders have seen the currency rally a bit during the training session on Tuesday, across the board.
The Australian dollar against the Swiss franc is at a major resistance barrier.
Gold initially tried to rally during the trading session on Tuesday but has given back some of the gains as we continue to see the market stretched.
Bitcoin seems to have made a bearish top above $70,000.
The S&P 500 has kicked off the day on its back foot as we have fallen towards the 5200 level.
The GBP/USD exchange rate stabilized after a series of mixed economic data from the UK and after statements by Federal Reserve officials.
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The EUR/USD rate drifted upwards on Tuesday even after some encouraging European inflation numbers.
The AUD/USD pair erased some of the losses made on Monday.
As the week commenced, the price of the USD/JPY currency pair surged to the resistance level of 151.77, with the yen nearing its lowest point in 34 years.
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Sign up to get the latest market updates and free signals directly to your inbox.At the end of last month, the pound fell to $1.26, close to its lowest level since February 19, and is on track to lose about 1% against the dollar in the first quarter.
Strong US economic data results at the start of trading this important week allowed bears to drive the EUR/USD currency pair towards deeper support levels.
Traders who do not have open positions in the USD/BRL today as Forex begins may count themselves as lucky.