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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There is no doubt that the renewed gains of the US dollar, especially after the announcement of the strong US job numbers at the end of last week, negatively affected the gold market.
The Turkish lira continued to record new losses against the US dollar, as the lira responded to the statements of Turkish President Recep Tayyip Erdogan.
The Dow Jones Industrial Average rose slightly during its recent trading at the intraday levels, to achieve slight gains in its last sessions, by 0.05%, to gain about 16.08 points.
The USD/JPY spiked higher yesterday as financial institutions seemingly got the message the Japanese government doesn’t intend on changing its monetary policy anytime soon.
RBA hikes by 0.50%, not the expected 0.25%.
The DAX initially rally on Monday to slam into the €14,750 region.
Solana bounced a bit on Monday as value hunters came in to pick up the coin.
Ripple tried to rally again on Monday but simply cannot get off of its back.
The Parisian CAC Index rallied on Monday to reach the €6600 level.
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ETH/USD has experienced a strong selloff, and the broad cryptocurrency market is challenging important support levels across the spectrum.
The S&P 500 initially rallied in the futures market on Monday but gave bank gains as we approached the 50-day EMA.
Bitcoin markets have rallied a bit on Monday as the $30,000 level has offered a reasonable amount of support.
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The West Texas Intermediate Crude Oil market pulled back just a bit on Monday to start off the week on the back foot.
The euro initially tried to rally on Monday but has pulled back from the highs as the 50-day EMA came into the picture.