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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Bitcoin, the biggest cryptocurrency in the industry, surged to a record high of near $94,000 as the Donald Trump trade gained steam.
The stronger US dollar policy is bringing more losses to the EUR/USD currency pair, which has reached the support level of 1.0595, the lowest for the currency pair in the forex market during 2024.
For the third consecutive day, gold prices have been declining, with losses extending to the support level of $2590 per ounce, the lowest price in a month and a half, before stabilizing around $2600 per ounce at the time of writing this analysis.
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During my daily analysis of exotic currency pairs, the USD/INR pair has been relatively quiet during the Monday and Tuesday sessions.
In my daily analysis of European indices, the CAC 40 stands out as particularly interesting. Currently, it is testing a major support level around the €7300 mark—an area that has held significance multiple times in the past.
The Euro has gone back and forth during the early hours on Tuesday against the Japanese Yen as we are hanging around the 50 day EMA.
The Euro is fairly close to the bottom of an overall consolidation area that we have been in for a while.
The USD/ILS has moved to a higher ratio in early trading this morning, but the known range of the currency pair has been able to provide a rather comfortable technical interpretation.
The lower depths of the NZD/USD continue to be tested, and the currency pair’s volatility has also been on full display as day traders try to speculate in dangerous conditions.
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During my daily analysis of commodity markets, the gold market has caught my attention as it has seen such a beating.
The market has gotten back and forth during the course of the trading session, Tuesday as we are just hanging around.
Dear my daily analysis of major currency pairs, I recognize that the New Zealand dollar is a currency that continues to see a lot of downward pressure, but we are also sitting on a significant support level just below.
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Gold has fallen pretty significantly during the course of the trading session on Tuesday as we are now flirting with the $2,600 support level.
During my daily analysis of the AUD/USD pair, the market initially tried to rally a bit during the day.
During my daily analysis of major currency pairs around the world, the USD/CAD pair continues to capture a lot of attention for me, as we are pressing against a major resistance barrier that I think needs to be paid close attention to.