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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GBP/USD: Yet bulls can be stopped easily below 1.3180
The British pound has rallied a bit during the trading session on Monday, reaching above the 1.31 level.
The US dollar fell hard during the Monday session to kick off the week, as the US dollar continues to lose value overall.
Long-term bullish trend active again
The S&P 500 continues to look bullish, although it is settling down a bit just before attacking the all-time highs.
The Australian dollar rallied significantly during the trading session again on Monday, reaching towards the 0.7250 level before pulling back ever so slightly.
The NASDAQ 100 has broken higher during the trading session on Monday to kick off the week, jumping just above the recent highs.
The Euro broke higher during the trading session on Monday, reaching towards the 1.19 level above.
Silver markets have initially gapped higher during the open on Monday to kick off the week, but then pulled back to find support at the bottom of the gap.
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Bitcoin markets have had an explosive day on Monday, breaking through the crucial $12,000 level quite handily and is higher than the recent volume that we have seen in the market.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Monday to start off the week, but it looks as if we are still struggling a bit to break out to the upside.
Gold markets have pulled back a bit initially during the trading session on Monday but then rallied quite significantly.
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Gold prices recorded their first weekly loss in more than two months, following the rise of the US dollar and the increase in US yields
Throughout last week’s trading, the GBP/USD was moving in a limited range between the 1.3005 support and the 1.3142 resistance and closed the week’s trading around 1.3090.