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 is expected to trade higher this week, although the bigger picture is still one of weakness at the 1.05 psychological support level.
The USD/SGD did come down from the high water marks and went into the weekend near the 1.36160 vicinity.
The AUD/USD exchange rate continued its recovery this week as global risks eased, triggering a risk-on sentiment.
The EUR/USD exchange rate remained in a tight range as traders focused on the next actions by the European Central Bank (ECB) and the Federal Reserve.
Bitcoin has staged a strong recovery in the past few days as investors cheered last Friday’s halving event.
The GBP/USD exchange rate slipped for the third straight day on heightened Bank of England (BoE) interest rate cut hopes.
The US dollar initially tried to rally against the Canadian dollar on Monday but gave back gains as it looks like we are going to continue to pullback.
The euro is shot straight up in the air during the trading session on Monday, breaking well above the 200-Day EMA against the British pound.
The German DAX gapped to the upside during the early hours on Monday, as it looks like we are trying to recover.
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Silver markets have plunged drastically to kick off the week, as we have finally seen the lack of momentum take apart this market.
The French CAC has been all over the place during the trading session on Monday, buyers were more than willing to step in and pick up the equity market in France.
Gold has fallen rather significantly during the course of the trading session on Monday, as it looks like we are going to perhaps take a bit of a breather in the uptrend.
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Sign up to get the latest market updates and free signals directly to your inbox.The Nasdaq 100 rallied a bit during the early hours on Monday, as it looks like we are trying to bounce a bit from the massive sell-off that we had seen previously.
The S&P 500 has shown itself to be somewhat bullish to kick off the week and that does make a certain amount of sense considering just how sold off we had gotten.
The US dollar continues to pressure the yen to the upside and as I look at the chart, it's easy to see that the market has shown itself to be very resilient.