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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Since the start of this important week’s trading, the price of EUR/USD currency pair has been moving in narrow, limited ranges, as we expected since the end of last week’s trading.
For four trading sessions in a row, the price of gold is moving in a downward correction range.
After the announcement of the British government to postpone the date of complete freedom from Corona restrictions until July 19, the pound weakened against the rest of the other major currencies.
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Yesterday saw another record high achieved by the DAX Index as its bullish trend remains strong and clear.
The USD/MXN is hovering near the 20.00000 juncture as traders anticipate the interest decision from the U.S Federal Reserve later today.
The USD/ZAR is trading near important late May resistance levels as the Forex pair’s bearish trend is being challenged by risk-averse sentiment.
Short-term, risk-averse trading has certainly caused bullish momentum within the USD/INR to rise, and speculators need to prepare for a volatile 24 hours to come.
The FTSE 100 rallied a bit during the trading session on Tuesday, as we continue to see a lot of bullish pressure in stock markets around the world.
The gold markets fell again during the trading session on Tuesday to reach towards the $1850 level.
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The Aussie dollar broke down a bit during the trading session on Tuesday to reach down below the 0.77 handle.
The S&P 500 was relatively quiet during the trading session on Tuesday as traders wait for the Wednesday announcement from the Federal Reserve.
The market is probably looking for reason to go long given enough time, but we are likely to see buyers based upon value.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro has gone back and forth during the trading session on Tuesday as we wait to see what the Federal Reserve has to say late on Wednesday.
The British pound initially fell during the trading session on Tuesday to reach down towards the 50-day EMA, only to bounce again to form a bit of a hammer.
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Tuesday as we continue to see crude oil outperform most other commodities.