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.
Most Recent
The Australian dollar rallied significantly during the trading session on Monday to test the 0.78 level again.
Bitcoin markets have initially fallen during the trading session on Monday to shrink below the $50,000 level.
The British pound initially shot higher during the trading session on Wednesday but continues to show a bit of confusion as we gave up most of the gains.
The euro has gone back and forth during the trading session on Monday, showing signs of hesitation right around the 1.21 level.
The 0.7816 level looks likely to be very pivotal.
It is unclear that the medium-term bullish momentum will continue.
The GBP/USD price retreated in the American and Asian sessions as focus remained on the upcoming Fed interest rate decision.
The BTC/USD pair is attempting a rebound a week after it crashed by more than 14,000 points.
By the end of last week’s trading, the price of gold retreated to the level of $1770 after attempts throughout the week’s transactions to breach the level of psychological resistance of $1,800.
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During an upward correction phase, the GBP/USD pair tried to move during last week’s trading.
In flagrant disregard for positive US economic data, the USD/JPY sold off, which pushed the pair towards the 107.47 support level, a near 2-month low.
By the end of last week's trading, the EUR/USD pair jumped to the 1.2100 resistance level, a near two-month high, and closed near that resistance.
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Sign up to get the latest market updates and free signals directly to your inbox.The DAX Index has opened this morning’s trading with a positive opening and has important mid-term resistance in sight.
The USD/BRL traded lower late last week and broke through important support which was near the 5.5000 juncture.
The USD/ZAR remains locked within a durable trading range and speculators who like to trade with quick-hitting positions may enjoy the current conditions.