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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In early trading this morning the USD/INR remains locked within a tight range.
If you are not an experienced trader you should think twice before attempting to try and speculate with the USD/PKR.
South African Reserve Bank (SARB) Governor Lesetja Kganyago defends the implemented monetary of the central bank, after growing criticism by business groups over the lack of quantitative easing measures as executed by developed economies.
Gabriela Siller, the Director of Economic and Financial Analysis at Banco BASE, warned that a complete economic recovery for Mexico is likely to take between six and eleven years, with four years outlined as a best-case scenario.
The S&P 500 pulled back slightly during the trading session on Monday to kick off the week but continues to find buyers on these dips.
The British pound found support during the trading session on Monday, initially shooting higher but then breaking back down towards the crucial 1.30 level.
The US dollar rallied significantly during the trading session initially on Monday against the Japanese yen but gave back a significant amount of the gains to form a bit of a shooting star.
The Australian dollar has gone back and forth during the trading session on Monday, as we continue to look bullish.
The NASDAQ 100 has broken down significantly during the trading session on Monday to kick off the week but then turned around to show signs of life again.
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The Euro has fallen a bit during the trading session on Monday, reaching down toward support underneath.
The silver market gapped higher to kick off Monday’s session before pulling back towards the $28 level.
The West Texas Intermediate Crude Oil market rallied just a bit during the trading session on Monday to kick off the week, as we continue to see the US dollar look a bit soft in general.
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Gold markets gapped higher to kick off the trading session and shot up from there, but we have seen gold rollover since then.
The weekly EUR/USD performance was distinguished, as it continued to correct upwards, and its gains reached the 1.1916 resistance.