The NZD/USD is trading near important support after a steep selloff on Friday and early this week, perhaps making the currency pair an interesting speculative wager now.
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 during the trading session on Tuesday, to fill the gap that we had put in the market at the open on Monday.
The Ethereum market has rallied initially during the trading session Tuesday as we continue to see the market try to break above the recent resistance barrier.
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Bitcoin has risen slightly on Tuesday, as we continue to wait for some type of momentum to come back into the market and determine the overall direction.
The USD/CAD currency pair initially pulled back a bit during the trading session on Tuesday but turned around to show signs of resiliency yet again.
The British pound has initially tried to rally during the trading session on Tuesday but gave up gains rather quickly.
The USD/CAD is trading near the 1.33800 ratios as of this writing in conditions that may be creating speculative questions regarding short-term trends for technical traders.
The West Texas Intermediate Crude Oil market rallied significantly to the upside during the trading session on Tuesday, as we had reached the bottom of the overall consolidation area.
The S&P 500 did rally a bit during the trading session on Tuesday, bouncing from the 4100 level.
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Gold markets initially tried to rally during the trading session on Tuesday but gave back gains as we continue to see plenty of resistance near the $1880 level.
The Dow Jones Industrial Average went back and forth during the trading session on Tuesday as we continue to see a lot of questions asked about the future direction of the market.
The Japanese yen-denominated pears all gapped higher to kick off the week on Monday, but Tuesday turned around to fall rather significantly.
The valid long-term bullish trend survives after the strong recovery from an initial fall in price.
The GBP/USD price has been in an overall downward trend after peaking at 1.2453 on January 23rd.
The BTC/USD price drifted upwards on Wednesday after the closely watched speech by Jerome Powell, the Federal Reserve chair.