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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At the end of last week's trading, the price of the GBP/USD currency pair fell towards the support level of 1.2547.
US stock trading opened higher on Wall Street as the markets turned their attention from the US Federal Reserve Bank to more corporate earnings and economic reports.
The USD/JPY exhibited early gains on Monday, underscoring the growing likelihood of an imminent breakout.
The AUD/USD demonstrated a modest rally during Monday's trading session, with particular attention drawn to the critical 0.64 support level.
The GBP/USD faced initial downward pressure during Monday's trading session.
he GBP/JPY displayed a fluctuating path in Monday's trading, initially declining but later reversing to indicate increased activity.
The West Texas Intermediate (WTI) Crude Oil market made an interesting start to the trading week with a noticeable gap, only to subsequently fill the void.
The USD/TRY rose during early European trading this morning, Tuesday, amid the absence of economic data, as the markets are still absorbing the impact of the strong tightening practiced by the Turkish Central Bank during the current period.
The USD/SGD is challenging short-term support ratios which may indicate that behavioral sentiment is signaling a shift in financial institutions.
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The USD/BRL has sustained lower prices which were produced after a swift bearish decline last Wednesday, since then however consolidated trading has ensued.
The S&P 500 has shown a modest uptick in early Monday trading, signaling a potential move toward the 50-Day Exponential Moving Average ahead.
During the trading session on Monday, the silver market underwent a slight downturn, which can largely be attributed to profit-taking activities initiated by market participants.
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The gold market embarked on a rally during Friday's trading session, only to relinquish those gains later, revealing an atmosphere marked by uncertainty.
The EUR/USD commenced the week with a measured performance in early Monday trading, registering a slight uptick in sentiment.