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 British pound rallied a bit during the trading session on Tuesday but gave back the gains midday to turn around and start falling again.
The Bitcoin market rallied during the trading session on Tuesday only to give back quite a bit of the gains and form a shooting star.
The S&P 500 recovered quite nicely later in the trading session on Tuesday after it wiped out the gains from Friday.
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The NASDAQ 100 initially fell during the trading session on Tuesday but found enough support underneath to turn around and rally yet again.
Price action looks messy and hard to predict.
The Australian dollar initially shot higher during the trading session on Tuesday, pole vaulting above the 200-day EMA after the RBA decisions are now accepted.
The US dollar rallied significantly during the trading session on Tuesday, using the 50-day EMA as a major support level.
The West Texas Intermediate Crude Oil market initially rallied on news that the OPEC+ members could not come to some type of an agreement to extend production.
The FTSE 100 fell a bit during the trading session on Tuesday to reach down towards the 50-day EMA.
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Gold markets gapped higher to kick off the trading session on Tuesday as traders came back from the Independence Day extended weekend, and then sent gold all the way to the 50-day EMA near the $1816 level.
Direction looks hard to predict today.
The AUD/USD pair declined sharply on Tuesday as investors reflected on the falling US Treasury yields and the latest RBA interest rate decision.
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The EUR/USD pair was little changed during the American session as investors watched the US Treasury bond market ahead of the latest FOMC minutes.
Ahead of the announcement of an update to the ZEW Sentiment Index towards the largest and most important German economy in the Eurozone.
The sharp gains of the US dollar stopped due to expectations of an imminent date of raising US interest rates, which contributed to an upward rebound in the price of gold.