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 rebounded in the overnight session as the market reflected on a testimony by Andrew Bailey, the Bank of England (BOE) governor and the Federal Reserve Beige Book.
The BTC/USD price declined for the third straight day as sentiment in the cryptocurrency industry waned.
The US dollar has been rising so far this week.
As of this writing the NZD/JPY is near the 78.100 level, a high of nearly 78.630 was demonstrated on the 3rd of September.
After trading near a low of 73.0000 as the week began, the USD/INR has produced solid bullish price action as it has brushed aside short term resistance levels.
DOT/USD fell from a high which was within sight of the 36.0000 mark yesterday, to a sudden lightning quick low of nearly 22.0000.
DOGE/USD slid towards important mid-term support yesterday with a quick dose of downward momentum.
The AUD/USD price retreated in the overnight session amid a broader greenback rebound that saw the dollar index rise by more than 0.45%.
The GBP/USD pair sell-off that started on Friday accelerated in the overnight session as the US dollar bounced back.
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The EUR/USD price declined sharply after the relatively weak German sentiment data.
The BTC/USD price tumbled in the overnight session as investors reacted to the happenings in El Salvador, the first country to make Bitcoin its legal tender.
The Euro initially tried to rally during the trading session on Tuesday but gave back the gains as the 200 day EMA seems to be a bit too much to overcome.
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The FTSE 100 has fallen rather hard during the trading session on Tuesday as liquidity picked back up, with North American traders getting involved.
The British pound initially tried to rally during the trading session on Tuesday, but then turned around fall rather significantly.