The GBP/USD exchange rate continued its downtrend after hawkish Federal Reserve minutes and statement from Austan Goolsbee.
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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Bitcoin price continued its downtrend as the recent rally took a breather. After peaking at 99,767 last week.
In my daily analysis of the USD/JPY pair, the first thing that jumps out is that we continue to drift a bit lower.
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During my daily analysis of exotic currency pairs, the USD/MXN pair has caught my attention, as we continue to threaten the crucial 20.70 MXN level.
During my daily analysis of Ethereum, I’ve noticed that the $3400 level continues to be a major anchor for price.
During my daily analysis of the gold market, the first thing that I notice is that we are sitting just below the 50 Day EMA.
During my daily analysis of the AUD/USD pair, I notice that this market is likely to continue to drop.
For the second day in a row, gold prices are subject to selling operations, stabilizing around $2,604 per ounce at the time of writing the analysis.
The EUR/USD currency pair's attempt to recover at the end of last week with gains to the 1.0530 level quickly evaporated and returned downward this week.
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During the Monday session, we saw the US dollar initially fall, only to turn around and show signs of life and break to the upside. e
The British Pound has pulled back just a bit during the early hours on Monday as we continue to see a lot of noisy behavior.
Ethereum rallied a bit during the trading session on Monday as we continue to see a lot of interest in crypto markets overall.
The British pound pulls back to the 200-day EMA against the yen, eyeing potential moves to 195 and 200 levels while risk sentiment drives volatility.
The Aussie dollar had initially gapped higher but then turned around to give back all of those gains to show signs of weakness against the mighty King dollar.
The USD/MXN was hit by an early surge higher this morning when news circulated that President-elect Trump will start his tariff negotiation with Mexico with a threatened 25% price tag.