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 Indian Rupee continues to experience a loss of value to the US Dollar.
The USD/SGD has seen buying emerge early this morning as the forex markets likely reacted to economic data published in Singapore which shows its economic growth took a huge hit statistically.
AUD/USD: More bearish below 0.6925
Gold remains within the highest levels of its short term range but has seen profit-taking emerge after testing new highs.
USD/JPY: Yen and Dollar moving in tandem
BTC/USD: Bulls and bears evenly matched within narrowing triangle
Pakistani Prime Minister Imran Khan approved a review of regulatory restrictions to tab the full economic potential, and digitalizing sectors remains a priority.
Frustrated South African President Cyril Ramaphosa revised the conditions to the level three Covid-19 restrictions to ban the sale of alcohol to prevent related hospital submission.
GBP/USD: Yet 1.2500 supportive area may produce bullish reversal
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EUR/USD: Today’s pivotal point likely at 1.1321
Silver markets have rallied again during the trading session on Monday to kick off the week but gave back quite a bit of the gains late in the day as the US dollar suddenly surged in value.
The British pound initially rallied during the trading session on Monday but found the 1.2650 level to be a bit too restrictive to get over.
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The Euro rallied again during the trading session on Monday, breaking well above the 1.1350 level before giving up all of those gains in what has been a familiar pattern: The Euro rallying towards the 1.14 level and then pulling back.
The S&P 500 initially rallied during the trading session on Monday to kick off the week but as you can see has given up quite a bit of the gains above the 3200 level to crash into the 3150 level.