The FTSE 100 rallied again on Tuesday but looks as if it is going to have quite a challenge ahead of it.
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 GBP/USD pair found some support at its lowest level since May 2020 after the strong UK employment numbers.
The EUR/USD pair rallied to the highest level since May 11th ahead of the upcoming Euro area consumer inflation data.
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The AUD/USD pair tilted upwards as the US dollar rally eased.
For the second day in a row, the price of gold is trying to rebound higher to compensate for the losses of the recent selling operations, which drove it towards the support level of 1787 dollars per ounce.
Ahead of the release of a batch of important and influential British and US economic data, the GBP/USD exchange rate deepened in a downtrend for nearly a year.
At the end of last week's trading, the price of the USD/JPY currency pair is stabilizing this week, as it is the closest to breaching the 130.00 psychological resistance again.
Euro exchange rates were flat at the start of the new week's trading and at least some of the rally can be attributed to comments by a prominent member of the European Central Bank.
The Turkish lira continues to fall against the dollar without any significant correction.
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Spot natural gas prices (CFDS ON NATURAL GAS) rose in their recent trading at the intraday levels, to achieve daily gains until the moment of writing this report, by 0.92%.
The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the second day in a row, by 0.08%, to gain 26.76 points.
The West Texas Intermediate Crude Oil market initially pulled back on Monday but turned around to show signs of strength again.
The US dollar initially rallied on Monday but gave back gains rather quickly as the WTI Crude Oil market strengthened.
SOL/USD is within sight of highs recently made, but the incremental gains attained by Solana remain under the shadow of speculative unease.
BTC/USD is within an uneasy price range as it continues to linger unsteadily, leaving speculators with questions regarding their perceptions.