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 markets continue to offer a bit of a safe haven for traders around the world as it initially dipped to kick off the week on Monday, but now has clearly busted beyond the $1750 level.
AUD/USD: Normal bearish retracement underway
USD/JPY: Resistance at 107.80 continues to hold
The Euro initially tried to rally during the trading session on Monday but found the 50 day EMA above to be a bit too resistive.
OPEC+ agreed to an unprecedented production cut of 9.7 million barrels per day or roughly 10% of capacity, ending a multi-week price war between the consortium and Russia.
The Australian dollar has rallied a bit during the trading session on Monday to pierce the 50 day EMA.
The US dollar fell hard against the Japanese yen to kick off the week on Monday, but it should be noted that liquidity may have been a bit of an issue
BTC/USD: Support at $6,576 probably strong
GBP/USD: Breakout beyond 1.2515
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EUR/USD:Strong resistance at 1.0968
Ripple has staged a massive recovery in percentage terms after the initial response to the global Covid-19 pandemic forced broad-based selling across the financial market
The US dollar has been relatively quiet against the Indian Rupee during the trading session on Monday but that’s not a huge surprise.
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Sign up to get the latest market updates and free signals directly to your inbox.The British pound broke above the 1.25 level during the trading session on Monday to kick off the week, which of course is significant from a psychological standpoint.
US President Trump aims to maintain voter trust in the economy post-Covid-19.
The West Texas Intermediate Crude Oil market initially gapped higher to kick off the trading session on Monday as rumor started to come out