My previous GBP/USD signal on 29th November was not triggered, as there was no bearish price action when the resistance level which I had identified at $1.2022 was first reached that day.
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 West Texas Intermediate Crude Oil market has rallied a bit during the session on Monday, but it still faces a rather large test near the $75 level.
India continues to outshine most of its competitors, as the Nifty 50 has recovered to reach the ₹18,500 level during the session on Monday.
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The NASDAQ 100 has done a very little trading session on Monday, as we continue to bounce around the 50-Day EMA.
Gold markets have fallen a bit during the trading session on Monday to show signs of hesitation, and this week will feature a significant amount of noise.
The BTC/USD has done nothing for several weeks, and it looks like a lot of the “hot money” has left the market.
Spot natural gas prices (CFDS ON NATURAL GAS) jumped in early trading on Monday, to achieve strong daily gains until the moment of writing this report, by 10.59%, to settle at a price of $6.682 per million British thermal units.
The Dow Jones Industrial Average fell during its recent trading on the intraday levels, to record losses in its last session by -0.90%, to lose about -305.02 points, settling at the end of trading at the level of 33,476.46.
As of this writing, the USD/ZAR is near the 17.41200 level, but traders should check this stated price against current market action which has been swift in early trading this morning.
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The USD/BRL went into the weekend near the 5.2390 mark, which essentially put the currency pair’s value within the middle of its range considering a five-day trading chart.
In all of last week's trading, the price of the EUR/USD currency pair was in an upward retracement.
The exchange rate of the TRY/USD maintained its stability without change.
The recent pressure on the US dollar price allowed the GBP/USD currency pair to bounce upwards.
Bearish pressure remained in control of the performance of the USD/JPY currency pair during last week's trading.
The continuous decline in the price of the US dollar throughout last week’s trading was a catalyst for the XAU/USD gold bulls to move towards the psychological resistance level of $1800 an ounce.