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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BTC/USD: $11,460 resistance breaks
The US dollar has initially gapped higher against the Japanese yen but then broke down towards the ¥105.25 level underneath.
The bitcoin market rallied significantly during the trading session on Monday to kick off the week, as we are well above the $11,000 level.
The Euro went back and forth during the trading session on Monday, initially gapping lower before going back and forth.
The NASDAQ 100 has exploded to the upside during the trading session on Monday, breaking above the 12,100 level by the end of the day.
The S&P 500 has gone straight up in the air during the trading session on Monday, as we continue to see the market look at the stimulus with wild eyed abandon
The silver markets initially tried to push higher during the trading session on Monday but gave back quite a bit of the gains in order to form a bit of a shooting star.
The DAX Index has enjoyed a bullish trend upwards as global risk appetite has increased sufficiently the past week.
The ability of the USD/BRL to consistently trade near resistance levels since late September has allowed a speculative dance to test downward cycles
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The West Texas Intermediate Crude Oil market has pulled back a bit during the trading session on Monday to kick off the week, showing signs of weakness yet again.
Gold markets gapped higher to kick off the trading week, breaking out above the highs of the Friday session, only to turn around and find the bottom of the gap yet again.
The Pakistani Rupee has seen a wave of increased selling against the USD since the 1st of October.
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Sign up to get the latest market updates and free signals directly to your inbox.The past five days of trading within the USD/INR have been a solid reflection of the forex pair’s rather choppy trading cycle the past month.
The Australian dollar gapped lower during the trading session on Monday but then turned around to rally to test the highs of the Friday session.
The British pound continues to rally significantly during the trading session on Monday, as we continue towards the highs again.