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 BTC/USD recent bullish momentum faded as bulls struggled pushing it above the 50,000 mark.
The USD/TRY has continued its rather impressive bearish stance and in early trading this morning is near important mid-term lows.
Firm support is likely at 0.6935.
The weakness of the US dollar after the Jackson Hole Symposium contributed to a strong upward rebound for gold.
The USD/JPY tried to settle above the 110.00 psychological resistance throughout last week's trading ahead of the Jackson Hole Symposium.
The GBP gained some momentum last week against the other major currencies, namely the dollar, the euro and the Japanese yen.
The EUR/USD has been trying to correct upwards, ultimately jumping to the 1.1802 resistance level on Friday, a 2-week high, before closing trading around 1.1795.
The EUR/GBP remains within a rather consolidated trading range via a mid-term perspective, but slight bullish movement is beginning to show signs of life.
The NZD/USD has provided a firework display of volatility the past two weeks as technical trading has reacted swiftly with short-term sentiment concerns.
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The USD/NOK has continued to trade near its short-term lows in early morning action and the Forex pair is hovering within sight of critical mid-term support.
XRP/USD outperformed expectations in August as it achieved a high of nearly 1.35000 on the 15th after trading near a low slightly below 70 cents when the month started.
ETH/USD remains within the top tier of its mid-term range as it hovers below important resistance levels which attained a high on the 23rd of August.
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Sign up to get the latest market updates and free signals directly to your inbox.$47,715 is likely to be today’s pivotal point.
DOGE/USD will enter September with speculative questions abounding for speculators after achieving highs in the middle of August.
The EUR/USD popped on Friday after the relatively dovish statement from Jerome Powell, the Federal Reserve chairman.