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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Silver markets have rallied again during the trading session on Tuesday, as we have crossed above the $18 level.
The West Texas Intermediate Crude Oil market has reached towards the $41 level before pulling back slightly.
Brazil became the second country to register over 50,000 deaths related to the Covid-19 pandemic behind the US.
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The Bitcoin market has stalled out a bit during the trading session on Tuesday, digesting the gains from the positive Monday session.
The NASDAQ 100 has had an interesting day, pulling back during the early hours to reach towards the 10,000 level before finding buyers yet again.
Gold markets have rallied yet again during the trading session on Tuesday, reaching towards the $1785 level towards the end of the pit session.
GBP/USD: Bullish breakout from price channel looking very weak
EUR/USD: Yet potential bearish double top at 1.1354
The Australian dollar initially pulled back a bit during the trading session and then shot towards the 0.70 level during the trading day.
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The British pound initially dipped during the trading session on Tuesday but found enough buyers to break back above the 50 day EMA and then reach into the range between the 50 day EMA and the 200 day EMA.
The US dollar initially tried to rally during the trading session on Tuesday and then turned around to fall towards the ¥106 level.
The US dollar has gone back and forth during the Tuesday session as we are trading just below the 50 day EMA.
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The Singapore Dollar is trading near the strongest part of its value range since relatively early in March.
For several consecutive trading sessions, the USD/JPY currency pair stabilized in narrow ranges with a bearish bias, which may herald a strong movement coming in either direction.