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 rallied a bit during the trading session on Tuesday to reach towards the 1.22 handle.
Bitcoin was trying to break out above the $40,000 level, and at the end of the session the market has not only broken above the $40,000 level, but it has also cleared the $41,000 level.
The price has room to rise beyond $42k if a breakout above $41k is achieved.
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The resistance level at 1.4123 looks likely to remain pivotal.
The EUR/USD pair was little changed during the Asian session as traders focused on the previous and upcoming economic data from the United States and the Fed interest rate decision.
The AUD/USD pair tilted upwards after the positive news from Victoria.
There was a sharp bearish start to the performance of the EUR/USD currency pair for this week's trading that pushed it towards the 1.2093 support level, before settling around the 1.2140 level
Within the completion of the performance movement at the end of last week, the price of gold moved at the beginning of this week’s trading amid bearishness.
For six trading sessions in a row, the price of the USD/JPY currency pair is moving within the range of an ascending channel, after which it tested the resistance level 110.15 in early trading today.
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The price of the GBP/USD currency pair is trying to face the dollar's recovery yesterday.
The USD/JPY is trading slightly above the 110.000 level as of this writing, and if the higher value is sustained, it could spark speculative wagers.
DOT/USD has enjoyed a swift move higher after Coinbase approved the listing of Polkadot on its cryptocurrency exchange.
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XRP/USD remains near the lower end of its one-month price range, but has fought off important support levels and gained the past couple of days.
DOGE/USD remains within lower part of its one-month range, but support levels have incrementally increased the past two days of trading.
The Bitcoin market initially fell during the trading session on Monday only to turn around and show signs of strength again as the $35,000 level has offered a bit of support.