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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Speculation and being stubborn are two words which do not always meet with a happy outcome in trading.
Experienced traders do not believe in coincidences.
Germany faces significantly more pressure from the second wave of the COVID-19 pandemic and is on track to become the twelfth country to cross 1,000,000 confirmed infections within the next seven to nine days.
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Mexico became the latest country to cross 1,000,000 confirmed COVID-19 cases and the eleventh most-infected country globally.
Long-term resistance around 1.1900 / 1.2000 holds.
The US dollar has broken down below the ¥104 level, which is a large, round and psychologically significant figure that has offered support in the past.
The euro initially tried to rally during the trading session on Wednesday but continues to struggle near the 1.19 level.
The British pound rallied a bit during the trading session on Wednesday, reaching towards the 1.33 handle.
Bitcoin sliced through the $18,000 level during the trading session on Wednesday, but gave back almost all the gains to form a massive shooting star.
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The West Texas Intermediate Crude Oil market has rallied again during the trading session on Wednesday, but continues to struggle with the idea of breaking out to the upside.
Gold markets have pulled back a bit during the trading session on Wednesday, reaching down towards the $1850 level.
Silver markets have fluctuated during the trading session, with the 50-day EMA slicing through the middle of the candle.
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The S&P 500 had a brutal close during the trading session on Wednesday as everything fell through the floor.
The NASDAQ 100 has pulled back just a bit during the trading session on Wednesday, as it looks like the 12,000 level is going to be expensive.
The Australian dollar fluctuated during the trading session on Wednesday, as we continue to struggle with the same overall area that has been a headache for so long.