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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AUD/USD: Bearish reversal from multi-month high price
The NASDAQ 100 initially pulled back a bit during the trading session on Monday but then found buyers again as it looks like we are set on reaching towards the 10,000 level.
The US dollar has gone back and forth during the trading session on Monday, as we are sitting just above a potentially important support level.
Before the global Covid-19 pandemic wreaked havoc in economies, Germany led a manufacturing recession in Europe, mirrored across the globe.
The Euro has gone back and forth during the trading session on Monday, as traders continue to test the 1.13 level in both directions.
The Brazilian Real gained additional value versus the US Dollar late last week and early this week.
USD/JPY: Yet firm support at 107.85
Important support levels near 17.0000 have been broken and the level is now being used as a resistance juncture by many technical traders.
BTC/USD: Strong support from $9,000 to $9,431
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Silver markets rallied a bit during the trading session on Monday to kick off the week, reaching towards the $17.95 level.
The USD/INR has been able to sustain a solid value but has shown the ability to trend towards important support.
GBP/USD: Pound relatively strong and supported at 1.2624
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Gold markets have bounced a bit during the trading session on Monday to kick off yet another week of choppy sideways trading.
The British pound initially gapped higher to kick off the week, but then pulled back towards the 1.2635 level, and the 200 day EMA to find enough buyers there