In my daily analysis of the EUR/GBP pair, I can see that there is a clear significant support level near the 0.83 level underneath.
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 US dollar has rallied against the Swiss franc yet again during the trading session on Monday as it looks like we are trying to break above the 0.8650 level for a bigger move.
In my daily analysis of exotic currency pairs, the USD/ZAR pair captures my attention as we continue to test the crucial 17.70 ZAR level.
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The New Zealand dollar initially did try to rally during the trading session on Monday but gave back gains near the 0.61 level.
Gold initially rallied during the trading session on Monday, but then gave back the gains to show signs of hesitation.
The British Pound initially rallied just a bit during the early hours on Monday, only to give up the gains and fall apart.
The Dow Jones 30 fell pretty hard during the trading session on Monday, which is interesting considering that there really hasn't been a lot as far as macroeconomic figures coming out to get things moving
The euro initially did try to rally a bit during the trading session on Monday, but then gave back quite a bit of the gains to continue to see a lot of sideways action.
The USD/TRY pair increased before the start of European trading this Monday morning, as the Lira lost some of its slight gains recorded at the opening of the markets this morning.
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The USD/JPY exchange rate continued to rise as the US Dollar Index (DXY) and bond yields rose to their highest point in months.
The Euro attempted to rebound on Friday, but its gains did not exceed the 1.0869 level, recovering from the significant losses it suffered last week, reaching a support level of 1.0810, the lowest for the currency pair in more than two months.
In the last trading session of last week, the GBP/USD exchange rate attempted to stabilize and rebound upwards following the release of the latest US retail sales data.
Gold futures hit another record high in daily trading, settling above $2,720 per ounce and adding to their impressive rally in 2024.
During my daily analysis of the gold market, I can see clearly that we are breaking out to the upside, and it looks like gold is going to continue to power higher.
my daily analysis of the natural gas markets, the first thing that I see is that we are approaching an area that previously had been resistant.