The USD/INR continues to produce record breaking values, this as strong interest rate rhetoric from the U.S Federal Reserve persists.
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 exchange rate has entered the new week's trading in full swing in a bearish market.
GBP/USD charted a line below its losses in late September and could now look to consolidate its grip on the 1.10 support level recently recovered this week.
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The USD/ZAR remains within its higher valued price range, and speculators now face a decision regarding short term direction as Forex markets remains nervous.
The USD/JPY currency pair moved towards the resistance level of 145.80, its highest in 24 years, the same level as Japan intervened in the markets
XAU/USD gold prices fell sharply at the beginning of this week’s trading, as prices fell from the $1700 resistance to the $1665 support level an ounce.
The USD/JPY has rallied a bit during the trading session on Monday, reaching the ¥145.75 level, an area that the Bank of Japan intervened at previously.
The GBP/USD had been following a downward trajectory of the last week or so, but it did stall a bit at the 1.10 level during trading on Monday, showing that there might be the slightest hint of support.
The EUR/USD has fallen again during the trading session on Monday as we continue to drift lower.
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The CAD/USD has been quiet for the last couple of days against the Japanese yen, as we continue to hang around the 50-Day EMA.
The AUD/USD has fallen below the 0.63 level at one point during the trading session on Monday, as we continue to see the US dollar act like a wrecking ball against almost everything.
The West Texas Intermediate Crude Oil market dropped a bit during the trading session on Monday, as the 200-Day EMA offered a bit of dynamic resistance.
The S&P 500 E-mini contract continues to see negativity, as we have tested the 3600 level during the trading session on Monday.
The NASDAQ 100 has fallen during the trading session on Monday to kick off the week on the wrong foot yet again.
Gold markets have fallen rather hard during the Monday session, raking below the psychologically and structurally important $1680 level again.