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 Australian dollar went nowhere on Tuesday morning as concerns about the American economy continued
The gold market witnessed a back-and-forth trading session on Monday, as the 50-Day Exponential Moving Average (EMA) acted as a significant resistance level.
The GBP/USD experienced back-and-forth price action during Monday's trading session, indicating a market with strong interest around the 50-Day Exponential Moving Average (EMA).
The S&P 500 experienced a slight retreat during Monday's trading session, displaying signs of exhaustion following a positive upward trend.
During Monday's trading session, the British pound experienced a slight pullback, only to reverse its course and rally significantly as the market strives for a breakout above the resistance barrier.
The NASDAQ 100 rallied again during the trading session on Monday, as we continue to see the 13,750-level influence pricing.
Silver initially experienced a decline against the US dollar but quickly reversed its course, demonstrating signs of life as value hunters reenter the market, seeking opportunities in what they perceive as "cheap silver."
The EUR/USD displayed a modest rally during Monday's trading session, reflecting the prevailing noisy behavior in the market.
Bitcoin and other cryptocurrencies have moved sideways in the past few days in a low-volume environment.
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The GBP/USD exchange rate was unchanged as traders waited for key statements and economic data from the UK and the US.
The euro and the US dollar have moved sideways as investors reflect on the latest Fed speak and the US debt crisis.
The bears succeeded in dragging the price of the EUR/USD currency pair below the psychological support level of 1.0800, with losses towards the support level of 1.0760.
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Sign up to get the latest market updates and free signals directly to your inbox.In conjunction with the recent strong gains of the US dollar, the sterling pound tried to be less reactive, taking advantage of the gains of the global financial markets and the relatively positive sentiments of investors.
XAU/USD gold price completed on Friday an upward breach, after falling to the support level at $1952 an ounce, its lowest in six weeks.
By the end of last week's trading, the Japanese yen was trading relatively flat against some of the major currencies.