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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Gold prices rose for a second-straight session on Tuesday as increasing demand for protection against volatility in the global equities drove up buying of safe-haven assets.
The EUR/USD pair initially fell during the course of the day on Tuesday, but as you can see that the buyers stepped in below the 1.26 level in order to push the market higher.
The GBP/USD pair tried to rally during the session on Tuesday, and obviously did so. However, the 1.61 level offered a bit of resistance, and it appears that the market will continue to struggle to go higher.
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The USD/JPY pair had a pretty negative session on Tuesday, as the US dollar sold off yet again. However, the reality is that this market is most certainly in an uptrend, and we would have to fall rather dramatically to change that as far as I can see.
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BTC/USD on the daily charts recovered from lower levels in yesterday’s trading session and continues to exhibit buying momentum in the Asian morning session.
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Sign up to get the latest market updates and free signals directly to your inbox.The XAU/USD pair scored a gain of 1.35% on Monday as a weaker U.S. dollar lured bargain hunters back to the market. The XAU/USD pair traded as high as $1208.87 after prices encountered heavy buying pressure and changed direction just above the 1180/2 support zone.
The EUR/USD pair rose during the session on Monday, bouncing off of the 1.25 level. That being the case, the market was is ready to go much higher, in the short-term, but at the end of the day I believe that this market will continue to sell off over the longer term.
The NZD/USD pair rose during the session on Monday, but I feel that we are still well within the consolidation area that we have been in for some time. The 0.80 level above it should continue to be resistive, and the long-term charts for the New Zealand dollar do not look healthy at all.