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 EUR/USD pair fell during most of the trading session on Wednesday, falling down to the 1.20 level, which was the scene of the gap from Tuesday.
Bitcoin initially rallied during the trading session on Wednesday, but ran into a significant amount of resistance at the $15,000 region.
The WTI Crude Oil market rallied significantly during the trading session on Wednesday, slicing through the $61.50 level.
The USD/JPY pair went back and forth during the trading session on Wednesday, as we continue to see support just below at the 112 handle.
The S&P 500 had rallied significantly during the trading session on Wednesday, slicing through the 2700 level.
Despite recent gains of the GBP/JPY, reaching towards 152.82, the highest in one month, the bullish bounce still needs stimulates to confirm the strength of the bullish trend
The USD/JPY will depend today on the details of the latest meeting for the Fed Reserve to stop the losses which took the pair to the support level at 112.05.
The Gold prices recorded gains reached to $1321 an ounce during the morning trading on Wednesday, before it bounced quickly to $1312 an ounce at the time of writing
Gains for the EUR/JPY stopped around the resistance level at 135.60 awaiting stronger stimulates to continue the bullish move which took this pair to its highest levels
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The EUR/USD is settling on top of the psychologically important resistance level at 1.2000 before the release of the minutes of the latest Federal Reserve meeting
Over 5 trading sessions in a row, the gains of yesterday’s session were the strongest, as this pair moved strongly to the resistance level at 1.3600, the highest in 3 months
Gold prices rose $9.84 on Tuesday as the dollar continued to fall on the first trading day of the new year.
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Bitcoin initially fell during the trading session on Tuesday, but found enough support at the $13,000 level to rally significantly, gaining almost 13%
The US dollar fell significantly during the trading session on Tuesday, reaching down to the 112 level.