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 US dollar has pulled back from its strongest start to a year in more than a decade, as speculators have piled into bets against the currency, convinced that slowing US inflation will allow the Federal Reserve to start cutting US interest rates this year.
The USD/CAD has climbed higher and is within sight of important mid-December resistance, but important inflation data will come from the U.S tomorrow.
The NZD/USD has traded in a rather consolidated price range since Monday, but this will change dramatically tomorrow and until then traders need to prepare.
The USD/TRY maintained its continuous rise during the current week, as the pair approaches the level of 30 lira to the dollar.
The Australian dollar displayed an initial attempt at a rally during the day but ultimately relinquished its gains on Tuesday.
The crude oil market experienced a rally during the early hours of Tuesday as it attempts to establish a trading range for the year 2024.
In Tuesday's trading session, the gold market witnessed a modest rally amid ongoing market fluctuations.
Natural gas prices surged during the early hours of Tuesday's trading session, but they encountered a formidable obstacle just above.
Bullish double bottom may have formed at $1.2686.
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Silver has experienced a minor upturn during today's trading session, yet it appears that it is encountering some resistance from the 200-day EMA.
The S&P 500 experienced a slight pullback during the early Tuesday trading session, likely in an attempt to balance out some of the excessiveness from the robust gains observed on Monday.
The Euro has been experiencing a lack of clear direction in recent trading sessions.
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The US dollar exhibited a minor retreat against the Japanese yen as the Tuesday trading session commenced.
The Bitcoin market experienced a slight decline during Tuesday's trading session, with its value hovering around the crucial $47,500 level.