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 US dollar rebounded against the Aussie after the strong US consumer inflation report.
According to forex trading, the EUR/USD exchange rate reached its highest level since January last week.
According to recent trading, the Japanese yen has strengthened against the US dollar, thanks to some recent data and news.
The pound sterling is likely to hit its highest level in several months against the US dollar this week, supported by positive technicals.
USD/PKR: Upper Limit Near 279.4360, Expertise Vital.
At the start of trading this week, gold futures recorded modest gains even after the rise in US Treasury yields and the rise in the US dollar price.
As we continue to pound a few major moving averages in an attempt to ascertain whether or not we have enough momentum to break out to the upside, the merciless markets remain extremely erratic.
Short-term flow into the USD threatens support at $1.0914.
While buyers continue to emerge on each dip, the NASDAQ 100 saw some buying pressure near the 20-Day EMA after falling initially during the Monday trading session.
Bonuses & Promotions
The USD/INR has displayed the ability to trade lower in the past week.
The US dollar has begun the trading session on Monday by slightly retreating against the Japanese yen.
The S&P 500 gave back a little bit on Monday morning, but it still finds buyers below to show strength and turn things around.
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The early hours of Monday have seen a slight decline in natural gas markets.
Because the gold market is becoming very stretched, it has slowed down a little bit during Monday's trading session.