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 AUD/USD exchange rate drifted downwards after the latest Australian budget and ahead of the upcoming American inflation data.
The pair of the USD/TRY recorded a new high to break through the new peak recorded earlier this month.
The beginning of this week’s trading was not much different from the end of last week’s trading, where the price of the EUR/USD currency pair settled around and above the psychological resistance 1.1000.
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With the opening of the new week’s trading, the GBP/USD exchange rate rose to its highest level in a year, with gains towards the 1.2668 resistance level
The price of the USD/JPY currency pair is moving in a neutral performance in narrow ranges, pending the announcement of US inflation figures, the strongest driver of the dollar this week.
At the beginning of this week's trading, gold futures prices rose before the important US inflation data this week.
Traders of the USD/INR who have been pursuing downward momentum from the currency pair have likely been given a rude awakening this morning.
Bullish speculators of the NZD/USD likely enjoyed the trend upwards last week which developed and proved to have strength.
Silver continues to show plenty of support beneath it and seems to be going sideways, waiting to gather enough momentum to continue its overall uptrend.
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Natural gas markets have been rather volatile recently, with a lot of back-and-forth behavior seen during Monday's trading session.
The euro initially rallied a bit against the US dollar on Monday but has given back some of the gains since then.
The crude oil markets have seen a bit of a rebound during Monday's trading session, as they recover from the massive plunge in recent weeks.
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Sign up to get the latest market updates and free signals directly to your inbox.The AUD/USD has seen a significant rally in Monday’s trading session, reaching the 200-day exponential moving average (EMA) just below the 0.68 level.
On Monday, the US dollar saw a slight rally during the trading session, with moving averages providing support.
The GBP/USD has experienced significant gains again during Monday's trading session as the US dollar continues to depreciate.