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 NASDAQ 100 has broken down significantly during the trading session on Tuesday as it was announced that the Americans were labeling the Chinese as “currency manipulators”, which of course is an increase in the trade tensions.
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Natural gas markets gapped a bit during the trading session on Tuesday, then reached towards the $2.15 level before selling off again.
The Gold markets initially gapped higher to kick off the trading session on Tuesday after the Americans named the Chinese “currency manipulators”, while the futures markets were closed.
On Tuesday, the EUR / USD pair continues bullish correction with gains to reaching 1.1250, the highest level in two weeks
Major currencies are trying to offset their recent losses against the strength of the US dollar.
For four straight trading sessions, the gold price recorded stronger gains, testing the $1,470 resistance level of in morning trades on Tuesday, despite recent gains in the US dollar.
The recent violent bearish correction pushed the USD / JPY pair to move towards the 105.51 support level in early trading on Tuesday, its lowest level in seven months
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NZDUSD: Psychological level at 0.6500 continues to hold
AUDUSD: Price retreats from 10-year low at 0.6745
The Euro ripped to the upside during the trading session on Monday as the rhetoric between the United States and China has heated up, showing signs of getting worse, not better.
The WTI Crude Oil market continues to consolidate around a large, round, psychologically significant figure, as we are near the $55 handle.