With renewed US-Chinese trade tensions, and with both US dollar and Japanese Yen are considered safe-haven currencies, that helped the USD / JPY break back to the 109.02 support level, the lowest level for more than 3 months,
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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EURUSD Analysis: Euro holds up above 1.1200 as a safety asset
The Euro tried to rally again during the trading session on Tuesday, but then broke down significantly to form a bit of a shooting star again.
Bitcoin rallied initially during the trading session on Tuesday, slamming through the $8000 level.
The WTI Crude Oil market rallied slightly during the trading session on Tuesday, showing signs of resiliency again.
The US dollar has rallied a bit during the trading session on Tuesday, wiping out the losses from the Monday session.
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The S&P 500 rallied quite significantly during trading on Tuesday, getting the market to reach towards the losses from the previous session on Monday.
Gold markets initially tried to rally again during the day on Tuesday but failed at the downtrend line that I have drawn on the chart.
Get the NZD/USD Forex signal for May 14, 2019 here.
Get the AUD/USD Forex signal for May 14, 2019 here.
Get the USD/JPY Forex signal for May 14, 2019 here.
Get the BTC/USD Forex signal for May 14, 2019 here.