The US dollar is strong. Fundamentally speaking, it will be enjoying high demand in the medium term.
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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With strong indications of the BOE's tightening future, the major focus of economists and markets will remain on the Bank of England's decisions about a new rate hike.
For three trading sessions in a row, the price of the USD/JPY currency pair is exposed to selling operations that seem to take profits
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The gold market held on to gains, recovering from last week's sharp drop that came on the heels of an upbeat turnaround from the Federal Reserve.
We expect the price of the lira to decline after it returned to test the broken trend line on the 4 hour time frame and position on the chart.
Spot natural gas prices declined during the recent trading at the intraday levels, to record daily losses.
The Dow Jones Industrial Average rose in its recent trading at the intraday levels to achieve sharp gains in trading on Monday and for the second day in a row, by 1.17%.
ADA/USD has displayed a reversal higher in late trading; the slight bounce upwards may attract speculators who believe the marketplace is undersold.
SOL/USD has jumped higher in the past day with a robust amount of gains; the results may attract traders towards Solana which continues to produce strong volatility.
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The pair remains prone to sharp downwards price movement.
The euro shot higher against the US dollar on Monday, gaining a bit over 8/10 of a percent.
The US dollar broke down significantly on Monday against the South African rand, as it looks like the resistance region of 15.50 rand is trying to hold.
The West Texas Intermediate Crude Oil market initially fell on Monday but then turned around to capture a little bit of upward momentum.
The Bitcoin market pulled back just a bit on Monday, only to find buyers underneath to pick the coin up.
I would anticipate a lot of noisy behavior in the short term, as the gold market will be thrown around by all of the interest rate volatility coming from multiple places around the world.