The British pound initially tried to rally during the trading session on Monday but found the 11 level to be resistive enough to turn things around and show signs of negativity.
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 FTSE 100 gapped a bit higher during the trading session on Monday to kick off the week, perhaps sending the market towards the 6600 level above.
The S&P 500 rallied quite significantly during the trading session on Monday to reach just above the 3900 level.
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The NASDAQ 100 rallied significantly during the trading session on Monday to gain 2.75%.
Gold markets initially tried to rally during the trading session on Monday to kick off the week but continues to see resistance above the $1450 level.
The Aussie dollar bounced just a bit during the trading session on Monday to kick off the week, as the 50-day EMA has come into play.
The Bitcoin market was very volatile during the Monday trading session, initially breaking down below the $45,000 level only to see buyers turn around and push this market higher.
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Monday, but then fell to crash into the $60 level.
The US dollar initially tried to rally a bit against the Canadian dollar on Monday, but as you can see on the chart, there is a major trendline that the market was repulsed to buy.
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The GBP/USD pair has dropped for the fourth consecutive day as traders refocus on the stronger US dollar and low Treasury yields.
The BTC/USD rally accelerated in the overnight session as opportunistic investors rushed to buy the dip.
BBNB/USD experienced a strong speculative month in February, and as March begins, its results will be a good barometer of the broad cryptocurrency market.
The important long-term bearish trend is being challenged.
The past five days of trading have seen resistance levels incrementally lower for Binance Coin as the broad cryptocurrency market has grown cautious.
The USD/MXN has seen a sincere short-term bullish trend develop since the middle of February; speculators may be contemplating its end.