With the beginning of this week's trading, which was mostly quiet due to an American holiday, gold futures rose to the level of 1864 dollars an ounce.
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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Although there was limited trading, the price of the USD/JPY currency pair moved at the beginning of this week’s trading between the support level 126.85 and the level of 127.82.
GBP/USD made a solid rebound from the depths of its mid-month lows, but it may struggle for more momentum over the coming days.
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The Turkish lira recorded a decline during the early trading this morning, despite the positive data that showed the progress of the growth of the Turkish economy during the first quarter of this year.
The Dow Jones Industrial Average continued to rise during its recent trading at the intraday levels, to achieve gains for the sixth consecutive session, by 1.76%.
Spot natural gas prices (CFDS ON NATURAL GAS) stabilized lower in their recent trading at the intraday levels, recording slight daily losses until the moment of writing this report, by -0.14%.
BNB/USD has climbed higher in early trading this morning and is touching short term support, which will cause technical traders to test their perceptions.
ETH/USD is flirting with short-term highs as an intriguing reversal higher has formed and may stir the hearts of optimistic bullish speculators.
Commodity currencies have been performing well.
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The West Texas Intermediate Crude Oil market rallied a bit on Monday, but it should be noted that volume will have been a bit lighter than usual as it was all after-hour trading as the Americans were celebrating Memorial Day.
The US dollar fell hard on Monday against the Canadian dollar as crude oil continues to attract a lot of attention.
The Avalanche market rallied a bit on Monday, but as you can see, we have been selling off quite drastically.
Cardano rallied a bit on Monday, stabilizing right around the $0.50 level.
We did try to rally a bit but it is worth noting that we stalled right at the 50-day EMA.
The British pound continued to grind to the upside on Monday, although it should be noted that it was a very quiet session as Americans were away for Memorial Day.