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 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 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.
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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.
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.
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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.
The USD/SGD has seen a short-term bullish move higher, and this opens the door for speculators who may want to look for reversals.
ETH/USD has created a downward path the past week of trading, but this happened after achieving record highs.
Gold collapsed during last week's trading, breaking through the $1800 support level, which triggered profit-taking.
The GBP/USD lost all its upside correction gains during last week's trading, which had hit the 1.4240 resistance level, the highest in three years.