The US dollar has gone back and forth during the trading session on Tuesday as traders are awaiting the results of the FOMC interest rate decision and of course the statement.
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 Euro initially fell during the trading session on Tuesday, reaching down towards the 1.1075 level underneath.
The Australian dollar has rallied a bit during the trading session on Tuesday, as we have reached towards the highs that have been tested several times.
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The NASDAQ 100 has pulled back a bit during the trading session during Tuesday, reaching towards the 8050 handles.
As the Brexit situation continues to be as clear as mud, the British pound doesn’t really know what to do.
Looking at the NASDAQ 100, you can see that we have tried to rally significantly during the trading session but has also given back quite a bit of those gains as we struggled at the 3050 level.
Natural gas markets have rallied significantly during the trading session on Tuesday, reaching towards the $2.68 level late in the day.
Bitcoin had exploded to the upside during the weekend trading as the Chinese President suggested that China was looking forward to exploring the block chain and touted the benefits of all things related to block chain.
The West Texas Intermediate Crude Oil market has initially fallen during the trading session as we dipped towards the $55 level and even below it initially but bounced enough to form a hammer.
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Gold markets have fallen a bit during the trading session on Tuesday but have also bounced from the lows to turn around and show signs of resiliency.
Volatility remains elevated after last week’s Bitcoin induced bullish move, but price action across the sector has fizzled out and most cryptocurrencies are under selling pressure.
Turkey’s military operation into northern Syria, intended to create a 30 kilometer safe zone for refugees to return and to crack-down on US-allied YPG fighters
After the EUR/JPY reached its resistance zone, the upside momentum started to cripple and a sideways trend emerged which remained centered at the bottom range of this zone.
As the US and China continue to negotiate the details of their trade truce, traders were reminded that not all is as great as it appears.
Bitcoin: Bullish breakout still holding above long-term trend line