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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The West Texas Intermediate Crude Oil market has done nothing during the day on Monday, as we are simply sitting around and waiting to see whether or not we can break out to the upside.
The gold markets had a very choppy trading session on Monday, as we have continued to be very noisy in this market as well as others.
Despite the European Central Bank’s acknowledgment that the Eurozone will face a more precipitous than previously considered recession
First-quarter export volume out of New Zealand increased, defying calls for a marginal contraction.
GBP/USD: Trading above key round number at 1.2500
EUR/USD: Price looks set to move beyond multi-month high at 1.1153
Australian company pre-tax profits for the first-quarter plunged 16.2% in the first quarter, after a 0.6% contraction in the fourth quarter.
Brazil reported a 1.5% decrease in its first-quarter GDP, while the Finance Ministry announced it expects a more significant second-quarter contraction.
AUD/USD: Australian Dollar is the strongest major currency
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USD/JPY: New gently descending price channel
BTC/USD: Ascending medium-term price channel
GBP/USD: Remains bullish above 1.3271
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The Euro has extended gains during the day on Friday, reaching well above the 1.11 handle before pulling back.
The US dollar initially fell during the trading session on Friday to reach down towards the ¥107 level.