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 GBP/USD initially rallied during the trading session on Monday but gave back early gains as we continue to see a lot of volatility.
The BTC/USD has taken off in the last week or so, seemingly flying in the face of all of the Ponzi schemes and outright fraud that we see in the crypto world.
My previous GBP/USD signal on 11th January was not triggered, as there was no bullish price action when the price first reached the support level at $1.2111 that day.
The USD/JPY forex price rose slightly on Monday and Tuesday morning as investors focused on the upcoming economic data from the United States and Japan.
The EUR/USD price pulled back slightly in low volume as the market waited for important economic data from the US and Europe.
The AUD/USD price retreated on Monday and Tuesday as last week’s bullish momentum waned.
The exchange rate of the TRY/USD stabilized during early trading on Monday morning.
Speculators who like to pursue the USD/BRL will have intriguing decisions to make based on technical factors early today and into tomorrow.
On Thursday and Friday of last week the USD/ZAR traded within sight of the 16.69000 ratio, this after the U.S CPI showed inflation is weakening.
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Last week's trading was generally positive for the course of the exchange rate of the euro currency pair against the US dollar, EUR/USD, as it recorded gains.
A strong trading week in which bulls controlled the direction of the gold market, as gold futures rose to their best levels in nine months.
Immediately after the emergence of reports that the Japanese central bank will re-evaluate its monetary policy this week with more stringent steps.
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Very timidly, the GBP/USD moved upwards, with gains that did not exceed the resistance level of 1.2248, its highest level in a month.
Silver initially pulled back a bit during the day on Friday but ended up turning around and showing signs of strength again.