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 GBP/USD price drifted lower after more signs of the UK’s recession emerged and as the greenback staged a strong comeback.
The EUR/USD made a bearish breakout on the first official trading day of the year.
The AUD/USD exchange rate plunged on Tuesday and Wednesday morning as the year started on a sombre mood.
Long-term bearish trend persists below $16,949.
The S&P 500 has rallied to bid during the trading session on Tuesday, reaching toward the 50-Day EMA and the 3900 level.
The Nikkei 225 fell during the trading session on Tuesday, as volume returned to the markets.
The NASDAQ 100 initially tried to rally on Tuesday but gave back gains near the 11,150 level.
The Hang Seng initially drifted lower during the trading session on Tuesday, but then turned around to take off to the outside.
The DAX rallied significantly during the trading session on Tuesday, reaching the €14,250 level.
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The Turkish currency did not record any changes despite the positive data issued this morning about the decline in the inflation rate in the country.
The Dow Jones Industrial Average declined in its last trading session from its worst year since 2008, to record losses of -0.22%.
Spot natural gas prices (CFDS ON NATURAL GAS) continued to decline during their early trading on Tuesday, to record new daily losses until the moment of writing this report, by -8.50%.
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The EUR/USD drifted downwards on Tuesday morning as investors started positioning for the new year.
The USD/ZAR is trading near 16.98000 as of this writing as the currency pair potentially entices speculators as it seemingly sustains value below the 17.0000 ratio.