For the second consecutive day, XAU/USD gold price is trying to rebound to the upside to avoid further collapse, as its gains did not exceed $1833 an ounce.
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 USD/INR is trading in a rapid manner, having moved lower since the publication of U.S Consumer Sentiment numbers which came in negative late yesterday.
The NZD/USD found buyers suddenly emerge late on Tuesday after U.S negative economic data caused weakness for the USD, and gave bullish traders a sense that upside potential exists for the currency pair.
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Brent markets have also rallied during the trading session on Tuesday, as we are looking at the 50-Day EMA as a potential resistance barrier.
On Tuesday, the S&P 500 Index experienced a lot of erratic behavior, with prices fluctuating back and forth throughout the trading session.
During Tuesday's trading session, the USD/JPY demonstrated some upward momentum, as the latter currency continues to suffer due to the Bank of Japan's monetary policy.
The GBP/USD demonstrated some upward momentum during Tuesday's trading session, approaching the 50-Day EMA, which is a critical indicator for many traders.
The EUR/USD experienced some early losses during Tuesday's trading session but found sufficient support at the 1.06 level to reverse course and demonstrate some resilience.
Ethereum has had a quiet trading session on Tuesday, as we continue to have around the $1650 level.
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During Tuesday's trading session, the AUD/USD continued to fall, following a similar trend on Monday.
On Tuesday, the silver market saw a sharp decline towards the $20.50 level before showing signs of life and attempting to bounce back.
The GBP/USD pair retreated slightly as the enthusiasm of the Brexit deal negotiated by Rishi Sunak waned.
The EUR/USD pair pulled back on the first day of the month after mixed economic numbers from the United States and Europe.
On Tuesday, the gold market experienced a decline, reaching the 200-Day EMA, an indicator that many traders pay close attention to.
The BTC/USD price remained in an extremely tight range after it failed to move above the important resistance point at 25,276.