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 S&P 500 experienced a minor decline during early trading, reflecting the uncertainties surrounding the return of major players from holiday breaks.
The AUD/USD exchange rate slipped to the lowest level since November 2022 as the US dollar rally gained steam
The EUR/USD exchange rate plunged to the lowest level since June as the US dollar index (DXY) and crude oil prices soared.
Silver encountered a sluggish start during early Tuesday trading, marked by renewed interest in the US dollar.
The British pound slumped to the lowest level since June as the US dollar index continued soaring
Natural gas markets experienced a challenging trading session on Tuesday, marked by ongoing consolidation and choppiness.
Gold markets encountered a challenging start to the week as traders returned from vacation.
The EUR/USD faced a significant breakdown on Tuesday, breaching a major trendline and setting the stage for potential sustained downward pressure.
The euro appears to have lost its lead against the US dollar, with this week's trade likely to lead to further losses for the single eurozone currency according to new studies.
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The exchange rate of the pound sterling against the dollar GBP/USD rose initially following the monthly US jobs report which received a lot of attention last week.
The initial market reaction to the US jobs report for the month of August was clear and immediate, with the drop in the US dollar and yields.
At the end of last week's trading, gold prices showed amazing flexibility, as they were able to close the session almost steady despite the large rise in real yields
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Silver encountered another decline during Monday's session, contributing to the prevailing sense of negativity in the market.
The beginning of the trading week produced a lower gap in the natural gas markets on Monday.