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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Overall, the Canadian dollar is a bit lackluster.
Bitcoin, as you can see, has been rallying for a significant amount of time, but in the last couple of days, we have gone back and forth to show signs of noisy trading.
The GBP/USD exchange rate rebounded as the US dollar index (DXY) retreated after surging hard last week.
Bitcoin continued its strong recovery on Tuesday morning.
The AUD/USD recovered slightly as investors bought last Friday’s dip.
Descending trend line confluence with resistance at $1.0920.
The USD/TRY pair rose during early trading on Monday, after declining for three consecutive days following the Turkish Central Bank's decision to raise interest rates.
At the start of trading in a quiet and short week, the USD/JPY pair stabilized around the resistance level of 151.20, halting a sharp decline amid concerns about the possibility of the Japanese authorities intervening again in the forex markets.
The downward pressure on the British pound increased after the Bank of England took a step closer to cutting interest rates.
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During last week's trading sessions, the price of gold finally surpassed the $2200 resistance level for the first time.
The euro continues to drift a bit lower against the US dollar, but ultimately this is a market that I think continues to see a lot of upward momentum, as well as down, as we are essentially stuck in a range.
The USD/JPY initially tried to rally during trading on Friday but then turned around the fall.
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The AUD/USD has plunged early during trading on Friday, but it still looks very much like a market that is trying to sort out what to do next.
Gold has pulled back just a bit during the trading session on Friday, as it looks like we have plenty of noise out there to continue to throw markets around.