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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Amid bearish pressure and sell-offs, the USD/JPY pair will see the US Federal Reserve's policy decisions today.
As previously forecasted, the EUR/USD has been in a narrow range ahead of the Federal Reserve FOMC meeting minutes release today.
Bitcoin has lost almost 20% in just a few days.
The GBP is becoming relatively weaker.
The US dollar fluctuated on Tuesday as we continue to bang up against the 1.28 handle.
The FTSE 100 rallied a bit on Tuesday to break above the top of the hammer that formed on Monday.
The euro initially rallied on Tuesday but has turned quite bearish by the end of the day to form a bit of a shooting star.
The British pound initially rallied on Tuesday but gave back gains near the 1.37 level to form a bit of an inverted hammer.
The gold market initially pulled back just a bit on Tuesday but turned around to show signs of strength again.
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The Australian dollar initially tried to rally on Tuesday but gave back the gains rather quickly.
The Bitcoin market fell on Tuesday to reach down towards the crucial $40,000 level.
The market looks as if it is struggling to find direction, and it must be noted that the action during the session was noisy to say the least.
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The West Texas Intermediate Crude Oil market had a very noisy trading session Tuesday as we reached below to test the 50-day EMA.
The EUR/USD pair erased some of the gains made on Tuesday after the relatively strong American housing numbers and as traders waited for the Federal Reserve decision.