It’s easy to see that the Australian Stock Exchange 200 has shown itself to be extraordinarily bullish over the last several days.
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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It’s obvious that the US dollar continues to see a little bit of negative pressure.
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Following the long holiday weekend in the U.S, speculators returned to the WTI Crude Oil market and trading incrementally produced lower prices starting last Monday.
Political intrigue has been a strong discussion point among many analysts regarding the outlook for the EUR/USD.
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In my daily USD/SEK analysis, it’s easy to see that the market has been very volatile, as we initially plunged during the trading session, only to turn around and show signs of life
In my daily analysis of the AUD/JPY currency pair, I can see that this asset has been completely wiped out for the session, which makes sense considering that the Bank of Japan has admitted to intervening.
In my daily analysis of the USD/SGD pair, I noticed that we have broken down below the 1.3450 level, which of course is a large significant support level, which we have seen a lot of buyers at previously.
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In my daily euro analysis, it's easy to see that the 1.09 level continues to be a massive barrier in this market as we slammed directly into it, only to give up the gains at this point in time.
The US dollar was hammered during the trading session on Thursday as I continue to look at this pair during my daily USD/CNH analysis.
In my daily analysis of the S&P 500, it's worth noting that we have a significant miss in the consumer price index numbers in America, and we have seen absolute panic since then.
In my daily EUR/CAD analysis, it’s hard not to notice that the euro has broken out against the Canadian dollar.
This is a market that looks like it's trying to fall apart, but quite frankly, I'm not impressed and the reason I say that is that the interest rate differential is still massive.
I can see that we still have no idea what to do with this so-called asset at this point in time.