The German DAX Index rallied a bit on Monday, reaching the €14,600 level in the cash 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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Bitcoin rallied a bit on Monday, as it looks like we are trying to build enough support for a base.
Gold markets were quiet on Monday, which should not be a huge surprise considering that it was Memorial Day in the United States, and futures trading was somewhat limited.
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The euro rallied again on Monday, but we are still significantly below a major resistance barrier.
The EUR/USD upward momentum continued as investors continued to brace for higher interest rates by the European Central Bank (ECB).
The GBP/USD pair continued its bullish trend as it rose to the highest point since April 26th.
The BTC/USD pair rose to an important resistance level as cryptocurrencies and stock prices turned green.
With the beginning of this important week’s trading, the price of the EUR/USD currency pair continues to maintain the recent rebound gains that pushed it towards the 1.0765 resistance level.
Gold futures enjoyed modest weekly gains, despite slowing US inflation gains and Fed optimism.
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For five trading sessions in a row, the losses of the USD/JPY currency pair stopped at the support level 126.35 and settled around the 127.20 level at the time of writing the analysis.
Sterling is likely to benefit against the Euro and Dollar if Chancellor Rishi Sunak's £15 billion cash donation boosts British consumer confidence over the coming weeks.
The USD/INR continues to mount an attack on apex highs, as the bullish trend in the Forex pair remains firmly within its upper price range.
ETH/USD has fallen to new lows for the month of May, and as June is set to embark in a few days trading conditions are anxious and intriguing.
ADA/USD has fallen to critical support levels as the month of June is set to begin, and nervous sentiment remains a fixture in the crypto markets.
Ripple is trading below the 40 cents juncture, and has shown little inclination to spring a strong reversal higher as the month of June approaches.