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 GBP/USD currency pair initially tried to rally Monday but gave back the gains rather quickly.
The West Texas Intermediate Crude Oil market bounced a bit Monday as we continue to see this market throw a lot of volatility back and forth.
Price may break descending channel.
The EUR/USD price moved sideways during the American and Asian sessions as investors focused on the latest spending package by the Senate.
The BTC/USD price made a bullish breakout as demand for cryptocurrencies rose.
The AUD/USD price recovered as the US dollar retreated.
At the beginning of last week’s trading, the bulls tried to control the direction of the EUR/USD currency pair, but the pace of gains stopped at the resistance level 1.0293.
The USD/JPY currency pair started from the support level of 130.40 to the resistance level of 135.50 on Friday, after the announcement that US job numbers were stronger than all expectations.
I have often recommended selling the GBP/USD pair from every bullish level and last week's trading moves confirmed the strength of what we mentioned.
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At the end of last week’s trading, gold futures fell to the level of $ 1764 an ounce, after gains were the highest for the price of gold in a month.
The Turkish lira stabilized against the dollar during Monday morning trading, without major changes, as it appears that the Turkish Central Bank intervened to maintain the price of the lira at the current borders.
Spot natural gas prices (CFDS ON NATURAL GAS) declined in the last trading at the intraday levels, to record daily losses until the moment of writing this report, by -2.00%.
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Sign up to get the latest market updates and free signals directly to your inbox.The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains in its last sessions by 0.23%, to gain about 76.65 points.
The USD/SGD has held onto the upwards movement it created before going into the weekend as Monday has started and may entice traders.
Speculators who enjoy opportunistic markets and wagering on the USD/INR may have a rather intriguing path ahead this week.