Gold markets have rallied a bit during the trading session on Thursday, breaking the downtrend line from the larger wedge that I have marked on the chart.
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 West Texas Crude Oil market continues to see a lot of bullish pressure, and it’s only a matter of time before we break out to the upside.
For three consecutive trading sessions, the EUR/USD has been subjected to a bearish correction that pushed it towards the 1.1106 support and failed to continue with its recent gains
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Instability dominates the Pound's performance against other major currencies as investors disperse the rapid and successive developments of Brexit.
The limited performance in narrow ranges of the gold, and for several sessions, as evident on the daily chart, warns of a price explosion in one direction and will be stronger upward if moving towards psychological $1500 resistance.
USD/JPY rebounded to 108.68 resistance as investors continued to take risks and abandon safe havens amid optimism over the course of trade talks between the United States and China and the possibility of avoiding a chaotic exit from Britain from the European Union.
NZDUSD: Pivotal point at 0.6386 becomes more important
AUDUSD: Medium-term bearish topping out continues
USDJPY: Strong resistance levels at 108.72 & 109.00
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Bitcoin: Bearish break to new 5-month low prices
Bearish momentum in the USD/ZAR is being depleted inside its support zone which halted the sell-off.
The British pound has initially fallen during the trading session on Wednesday but turned around to reach towards the 1.29 level.
The Euro initially fell during the trading session on Wednesday but found enough support just above the 1.11 level to turn things around and form a bit of a hammer.
The US dollar initially fell during the trading session on Wednesday but found enough support near the ¥108.25 level to turn things around and form a bit of a hammer.
The S&P 500 continues to struggle overall, as although we haven’t broken down, we simply can’t get anywhere to the upside.