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 EUR/USD faced a tough battle in the recent trading session as it attempted to rally, but the absence of substantial momentum suggests that it's not out of the woods yet.
The British pound’s sell-off continued as the price of crude oil and the US dollar index rally gained steam.
The EUR/USD exchange rate was flat ahead of the upcoming European consumer inflation, US housing starts, and the Federal Reserve decision.
Bitcoin price rose to a high of $27,420 on Monday as cryptocurrencies bounced back.
Supportive area above $0.6400 likely to be pivotal today.
The USD/TRY maintained its slow movements with the opening of the market today, Monday, amid the successive measures of the Turkish Central Bank, which aim to tighten the monetary policy in the country.
Amid speculations that the latest increase in interest rates from the European Central Bank will be the end of the tightening cycle, the euro did not benefit from the decision.
This week, the dollar/yen pair will be watched closely with the announcement of the policies of both the US Federal Reserve Bank and the Japanese Central Bank.
During the trades of the exciting past week the price of the pound sterling against the US dollar GBP/USD dropped strongly due to bets that the Bank of England will follow the lead of the European Central Bank
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At the end of last week's trading, the XAU/USD gold price succeeded in rebounding upwards with gains extending to the resistance level of $1930 per ounce.
The USD/MXN delivered speculators' electric results last week as it essentially proved once again that it doesn’t need to correlate to the global Forex market.
The USD/ZAR continues to battle around the 19.00000 level and the near-term will likely create rather swift price action as financial institutions prepare for the Fed later this week.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD exchange rate dropped to the lowest level since June 6th as the US dollar index (DXY) and crude oil prices jumped.
The EUR/USD exchange rate was hovering at its lowest level since June this year as the US dollar strength continued.
Bearish double top at resistance level of $26,906.