Gold prices rose sharply during yesterday's trading, ending a 4-day series of losses, as the yields of long-term US Treasury bonds and government bonds in the Eurozone decreased and the dollar trimmed some of its recent gains.
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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After the GBP/USD fell to the support level of 1.3777 at the beginning of this week's trading, its lowest in nearly a month, the pair actually began to rebound higher.
The announcement of the decline in Japanese economic growth gave the USD/JPY additional impetus to complete the correction to the upside.
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A temporary stall in the gains of the US dollar contributed to a limited upward correction for the EUR/USD since yesterday's trading.
The all-time high at $58,426 is in sight.
The FTSE 100 rallied a bit during the trading session on Tuesday to break above the most recent high before pulling back ever so slightly.
The DAX initially dipped during the trading session on Tuesday but turned around to show signs of strength again as we closed towards the top of the overall range of the session.
The West Texas Intermediate Crude Oil market initially tried to rally above the $65 level on Tuesday but gave back the gains to break down towards the $64 level.
The NASDAQ 100 shot straight up in the air during the trading session as yields fell in the United States on Tuesday.
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The S&P 500 rallied significantly during the trading session on Tuesday to reach towards the 3900 level but has fallen just a bit short.
Clear, pivotal support and resistance levels nearby.
The British pound rallied a bit during the trading session on Tuesday to bounce from a crucial uptrend line.
The euro bounced a bit during the trading session on Tuesday as it reached towards the 200-day EMA.
Gold markets rallied significantly during the trading session on Tuesday to bounce from a crucial support region.
The Australian dollar rallied quite nicely during the trading session on Tuesday as we have not only closed towards the top of the range, but we have bounced from a significant uptrend line.