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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Natural gas prices experienced a slight decline during Monday's trading session, which was characterized by thin electronic trading.
Gold markets displayed a back-and-forth movement during Monday's trading session, which is not surprising considering it was Memorial Day in the United States, leading to reduced participation from traders.
The West Texas Intermediate (WTI) Crude Oil market exhibited a slightly negative tone during Monday's trading session, but it's important to note that it was Memorial Day, resulting in limited activity dominated by electronic trading.
The GBP/JPY initially attempted to rally during Monday's trading session but encountered hesitation and gave back its gains.
The GBP/USD initially attempted to rally during Monday's trading session but quickly surrendered its gains due to a lack of volume.
The USD/JPY initially attempted to rally during Monday's trading session but encountered hesitation and gave back its gains.
The EUR/USD made an initial attempt to rally during Monday's trading session, but the gains were quickly relinquished due to thin Memorial Day holiday trading.
The AUD/USD strengthened during Monday's trading session, benefiting from the Memorial Day holiday observed in the United States.
The EUR/USD exchange rate experienced volatile trading ahead of last weekend after the US Federal Reserve's (Fed) preferred inflation measure confirmed the continuation of stubbornly rising price
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By the end of last week's trading, the XAU/USD gold price retreated from its session high at around $1957 an ounce, to trade at around $1937
Speculators lifted their bearish stance on the Japanese yen to the highest level in nearly a year as the currency extended its slide against the dollar as markets boosted
The TRY/USD stabilized during early trading today, Monday, after the Turkish lira recorded its lowest level ever against the US currency last Friday, a day after the Turkish Central Bank fixed the interest rate unchanged at 8.5%.
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Sign up to get the latest market updates and free signals directly to your inbox.In light of a holiday in most markets, quiet or almost non-existent movements are expected for the price path of the GBP/USD currency pair.
Since touching a high of 18.00000 on last Tuesday, the USD/MXN has broken away from many other major currency pairs and actually been able to trigger its long-term bearish trend again.
The value of the USD/ZAR as of this writing is nearly 19.67000 this morning.