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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In Monday's trading session, the US dollar took a brief step back as markets continued to witness a tug of war between buyers and sellers.
The S&P 500 index encountered an unexpected hurdle at the onset of the trading week, opening with a noticeable gap down.
Amid global concern over developments in the Middle East, investors have increased their interest in buying safe havens, led by both the US dollar and the Japanese yen.
The technical picture for the GBP/USD exchange rate has improved due to the small gains achieved last week
Silver markets opened the trading week with a flurry of activity, reacting to the Hamas invasion of Israel.
At the beginning of this week's trading, investors returned to buying the US dollar again as a safe haven amid the successive tensions in the world emanating from the oil-rich Middle East region.
The natural gas market embarked on a rally following the opening of trading, spurred by the news emanating from Israel.
The XAU/USD gold price rose as safe haven demand increased after tensions escalated following the Hamas attack on Israel.
Gold markets experienced a significant gap at the beginning of Monday's trading session following the weekend's invasion of Israel by Hamas.
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The price of the Turkish Lira declined against the US dollar during early trading on Tuesday morning, as the dollar recorded its highest levels ever against the lira at levels of 27.87.
The USD/CAD hit a low in early trading this morning near the 1.35690 ratio, a reversal higher has taken place since then and traders should anticipate a rather tentative day of results.
In a sudden turn of events, crude oil markets have witnessed a significant upward gap following news of an invasion in Israel, setting the stage for another Middle Eastern conflict.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro's attempt to stage a rally during Monday's trading session ultimately gave way to concerns surrounding global risk appetite.
The USD/SGD is near the 1.36550 ratio as of this writing, this after challenging a low of nearly 1.36300 early this morning. Read the full analysis here.
In Monday's trading session, the British pound exhibited a slight pullback, reflecting the market's quest to gauge the trajectory of risk appetite.