The price of the GBP/USD currency pair is trying to face the dollar's recovery yesterday.
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 USD/JPY is trading slightly above the 110.000 level as of this writing, and if the higher value is sustained, it could spark speculative wagers.
DOT/USD has enjoyed a swift move higher after Coinbase approved the listing of Polkadot on its cryptocurrency exchange.
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XRP/USD remains near the lower end of its one-month price range, but has fought off important support levels and gained the past couple of days.
DOGE/USD remains within lower part of its one-month range, but support levels have incrementally increased the past two days of trading.
The Bitcoin market initially fell during the trading session on Monday only to turn around and show signs of strength again as the $35,000 level has offered a bit of support.
The DAX Index initially shot higher during the trading session on Monday to kick off the week on the right foot.
The CAC Index rallied initially during the trading session on Monday to kick off the week, breaking above towards the 6650 handle before pulling back.
The NASDAQ 100 had been a bit over-stretched, but now it looks like we are comfortable going long again.
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The S&P 500 was slightly positive during the trading session on Monday to kick off the week, but it is a little lackluster as far as performance is concerned.
The gold markets fell rather significantly during the trading session on Monday to reach down towards the 50-day EMA.
The Indian rupee initially fell during the trading session on Monday to kick off the week but has turned around to show signs of life again, as we did up forming a hammer.
The West Texas Intermediate Crude Oil market has shown itself to be bullish yet again but gave back some of the gains to show a little bit of hesitancy.
The euro did very little during the trading session on Monday, as we essentially are simply sitting at the 50-day EMA and trying to find some direction.
The British pound pulled back a bit during the trading session on Monday, only to recapture the 1.41 handle.