With trade tension on the rise once again after US President Trump threatened more tariffs unless China accepts US demands and China pessimistic about a significant trade deal,
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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Singapore continues to benefit from capital outflows out of Hong Kong as a result of intensifying unrest, but the positive effects are likely to diminish
Bullish momentum is fading after the EUR/AUD reached its short-term resistance zone.
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While the long-term outlook for the NZD/USD remains bullish, a short-term corrective phase is expected to follow the breakdown in this currency pair below its resistance zone
The US dollar fell a bit during the trading session on Thursday, reaching down to the 50 day EMA before turning around completely.
The S&P 500 continues to show signs of confusion at this point, as the market may have gotten a bit ahead of itself.
The NASDAQ 100 has gapped lower to kick off the Thursday session only to go back and forth and show signs of confusion yet again.
The Euro initially tried to rally during the trading session on Thursday but gave back quite a bit the gains as we get close to the 1.11 level.
The British pound initially tried to rally during the trading session on Thursday but found resistance again at the 1.30 level.
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The Aussie dollar initially tried to rally during the trading session on Thursday but then rolled over again at the 50 day EMA.
The West Texas Intermediate Crude Oil market has rallied rather significantly during trading on Thursday as reports are coming out that OPEC may in fact look to extend the production cuts that are currently in effect going forward.
The natural gas markets have initially pulled back during the trading session on Thursday but found enough support at the 50 day EMA.
The gold markets pulled back a bit during the day on Thursday as we continue to see a lot of volatility around the world.
Bitcoin markets have fallen again during the trading session on Thursday, reaching down towards the $7600 level.
EUR/USD is carefully quiet for two sessions in a row, the pair is moving between the 1.1053 support and the 1.1083 resistance above.