The GBP/USD exchange rate continued wavering on Tuesday morning ahead of the official reopening of the American and UK financial market.
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 EUR/USD drifted downwards on Tuesday morning as investors started positioning for the new year.
The USD/ZAR is trading near 16.98000 as of this writing as the currency pair potentially entices speculators as it seemingly sustains value below the 17.0000 ratio.
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In a very limited trading session due to the holidays, the price of the EUR/USD currency pair moved in a range between the support level of 1.0658 and the resistance level of 1.0700.
The USD/SGD has turned in a dramatic move lower to start the day, which builds on selling momentum generated since last Thursday.
The bears' control over the future of the GBP/USD exchange rate continues.
The West Texas Intermediate Crude Oil market rallied a bit on Friday, and of course was closed on Monday, at least in the futures market.
For three consecutive trading sessions, the USD/JPY exchange rate has moved in a downward retracement path, with losses.
The S&P 500 was closed on Monday, but as we have seen over the last couple of weeks, we have been hanging around in a consolidation area between the 3800 level underneath, and the 3850 level a bomb.
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The BTC/USD price tilted upwards in the first few days of the year amid rising optimism in the crypto industry.
At the beginning of trading in the new year 2023, the price of an ounce of gold, XAU/USD, remained on its upward path.
The NASDAQ 100 of course was closed during the trading session on Monday, but as we start to look towards the market reopening, the volume will pick up and traders will start to have to make some decisions.
Gold markets have been somewhat positive in the then the Monday trading session, as spot gold traded higher.
The DAX was very quiet during the last couple of weeks, and of course, Monday will be no different.
The USD/CHF has fallen slightly during the trading session on Monday but continues to find support near the 0.92 level.