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 Australian dollar went back and forth during trading on Monday, breaking above the 0.7050 level before pulling back yet again.
The US dollar initially tried to rally during the trading session on Monday but found plenty of resistance at the ¥108 level that has turned the market around.
The British pound gapped lower to kick off the trading session on Monday, then turned around to rally to fill that gap, and then broke down before bouncing again.
The natural gas markets have rallied a bit during the trading session on Monday, forming a bullish engulfing candlestick.
Euro traders had very little to do during the day on Monday, and I wasn’t bothered trading.
The WTI Crude Oil market initially gapped higher during the trading session on Monday, and then shot towards the $57 level.
Bitcoin initially tried to rally during the trading session on Monday, but then rolled over to show signs of weakness again.
The S&P 500 has rallied a bit during the trading session on Monday, reaching towards the 3000 level above.
Gold markets did very little during the trading session on Monday, as we have recently broken above significant resistance, only to find more resistance after that.
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At the beginning of this week, the EUR / USD is expected to be trading in a limited range as today's economic calendar has no significant economic data affecting the pair's performance
The British finance minister threatened to resign this week because there are no updates to the future of the Brexit, as the situation is in a stalemate.
By the end of last week, the price of an ounce of gold reached a resistance level of $ 1453, the highest level in six years, due to increasing pressure on the US dollar, which has an inverse relation with the yellow metal.
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Sign up to get the latest market updates and free signals directly to your inbox.For the second day in a row, the USD / JPY pair is trying to recover its recent losses, which reached 107.20 support, its lowest level for almost a month, settling around 108.05 at the time of writing.
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