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 FTSE 100 initially fell on Tuesday but then turned around to show signs of strength again as the 50-day EMA offered support.
The West Texas Intermediate Crude Oil market powered higher on Tuesday as we continue to see a massive recovery in this market.
The S&P 500 rallied a bit on Tuesday as it looks like we are hell-bent on trying to break through the 4500 level.
The NASDAQ 100 rallied a little bit on Tuesday as we continue to see a lot of bullish momentum.
The gold markets did very little during the trading session on Tuesday as we approached the 200-day EMA.
The Australian dollar rallied a bit on Tuesday as we reached towards the 0.7250 level.
Bitcoin markets pulled back a bit on Tuesday as the $50,000 level has caused some resistance.
The euro fluctuated on Tuesday as we have given back early gains in order to show signs of exhaustion.
The British pound rallied a bit on Tuesday, breaking above the 200-day EMA quite easily.
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The EUR/USD price was little changed on Monday morning as investors waited for the important German sentiment data and US durable goods orders.
The AUD/USD price retreated slightly during the Asian session as the number of COVID cases in New South Wales (NSW) rose and after the strong US housing data.
Since touching lows not tested since the last week in December of 2020, the AUD/JPY has reversed slightly higher, but the Forex pair remains within speculative depths.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/MXN has turned bullish in the short term after important resistance was punctured late last week, adding speculative buying to the mix.
As of this morning, gold is trading near the important juncture of 1800.00, after having made rather polite gains the past two days.
With the stalling of the US dollar’s gains ahead of the Jackson Hole Symposium this week, gold rebounded higher to $1806, where it has settled as of this writing.