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 S&P 500 initially fell during trading on Monday, but as you can see, we ended up seeing a lot of noise but then turned around to see buyers jump in and push this market back up to the upside.
The NASDAQ 100 had pulled back a bit during the trading session on Monday, but as it is so heavily weighted by the favorite stocks on Wall Street,
The British pound exploded to the upside, reaching towards 1.25 handle above, and as a result it is likely that we are going to see a little bit of a pushback
Silver markets have gapped slightly during the open on Monday, only to turn around and fall, and then rally again before giving up even more.
The US dollar has gone back and forth during the course of the trading session on Monday as we continue to see a lot of push and pull when it comes to emerging market currencies
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.
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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.
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Sign up to get the latest market updates and free signals directly to your inbox.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
USD/JPY: New gently descending price channel