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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During Monday's trading session, the US dollar experienced a slight pullback, showing signs of noisy behavior.
Monday's trading session witnessed a small rally in the S&P 500, marked by back-and-forth movements towards the upside.
The early trading session on Monday brought a promising rally in the silver market, hinting at potential upward movement.
The Australian dollar experienced a strong rally during the Monday trading session, setting a positive tone for the week ahead.
In Monday's trading session, the British pound experienced a pullback against the Japanese yen, but it remains firmly within a consolidation area.
Amidst a downward correction, the price of the EUR/USD receives the monetary policy decisions of both the European Central Bank and the US Federal Reserve this week.
In the last trading session of last week, the GBP/USD was more stable, after the release of better-than-expected British retail sales data, although a number of analysts believe that the sell-off after the release of British inflation in the middle of the week has not yet been completed.
Last week's trading was generally bullish for the performance of the USD/JPY currency pair, with bullish retracement gains that reached the 141.95 resistance level, and Friday's trading session was the most prominent in the upward retracement path.
Gold losses reached the support level of 1956 dollars an ounce, before prices stabilized around the level of 1965 dollars an ounce, at the time of writing the analysis.
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The Turkish lira traded stable against the US dollar during early trading this week.
The USD/MXN is trading near the 16.97500 level as of this writing.
The USD/ZAR as of this writing is near the 18.02100 mark as of this writing.
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Sign up to get the latest market updates and free signals directly to your inbox.My previous EUR/USD signal on 12th July was not triggered, as unfortunately, the bullish price action took place a bit below the support level identified at $1.1026.
During Friday's trading session, the US dollar displayed a significant rally, while the Japanese yen experienced ongoing weakness.
Early on Friday, natural gas markets showed little movement, with traders seemingly digesting the significant gains achieved on Thursday.