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 Gold markets pulled back a bit during the trading session on Wednesday, testing the crucial $1400 level.
The German Economic Sentiment Index, ZEW, fell to an eight-month low with continued pressure on the Euro
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Ahead of the announcement of inflation figures in Britain, the GBP / USD fell to the 1.2382 support level at the time of writing, the lowest level since the mid-April trading of 2017.
With positive US retail sales figures, contrary to expectations of a larger decline, the gains of the US dollar increased and the price of the gold ounce was pushed
Positive US retail sales for June supported gains for the US dollar versus other major currencies, and the price of the USD/JPY pair moved towards 108.37 after testing 107.80 support at the beginning of yesterday's session
The NASDAQ 100 has initially tried to rally during the trading session but found the 8000 level to be a bit too much to overcome.
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The British pound broke down during the trading session on Tuesday, slicing through the 1.25 handle.
The Australian dollar tried to rally initially during the trading session on Tuesday but did not break above the crucial 0.7050 level.
During the trading session on Tuesday we have seen the Euro break down rather significantly.
The US dollar has broken higher after initially dropping against the Japanese yen during the day on Tuesday, breaking above the top of the inverted hammer that formed for the Monday session.
The WTI Crude Oil markets gapped lower to kick off the trading session on Tuesday, turned around to fill that gap and reach towards the $60 level before collapsing.