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 did very little to inspire a lot of trading on Tuesday, as most of the market is waiting on the Consumer Price Index numbers from America on Wednesday.
The euro initially tried to rally on Tuesday but gave back the gains as we approached the 1.06 level.
The GBP/USD pair is still trading close to its lowest level this week as investors wait for the important American consumer price index (CPI) data.
The EUR/USD continued its consolidation mode as investors waited for the upcoming US and German consumer inflation data.
The BTC/USD attempted to stabilize during the American and Asian session after it plummeted to the lowest level since July last year.
The EUR/USD exchange rate was unable to escape from the bottom of its recent low and entered the new week's trading at the risk of further losses.
The price of gold extended its longest stretch of its weekly losses this year as investors look to higher Treasury yields
Despite the varying numbers of jobs and wages in the United States of America, the price of the currency pair USD/JPY jumped to the resistance level of 131.35.
The GBP/USD exchange rate collapsed further into oversold territory on the charts last week, but it still risks further losses that could pull it back to 1.2255 or lower in the coming days.
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Spot natural gas prices (CFDS ON NATURAL GAS) settled on a decline in their recent trading at the intraday levels, to record slight daily losses until the moment of writing this report, by -0.23%.
Turkish lira continues to decline against the US dollar, the lira recorded its lowest level this year, amid a strong decline in emerging market currencies and financial assets in general against the US dollar.
The Dow Jones Industrial Average continued to decline during its recent trading at the intraday levels, to record losses for the third consecutive day, by -1.99%, to lose about 653.67 points.
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Sign up to get the latest market updates and free signals directly to your inbox.XRP/USD is challenging long-term support levels with prices not seen since March of 2021, as broad cryptocurrency market nervousness rips through the trading landscape.
The US dollar rallied nicely against the Mexican peso on Monday, continuing a bounce that we have seen since mid-last week.
The euro went back and forth on Monday as we continue to respect the 1.05 level as support.