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 British pound initially did rally during the early hours on Monday.
The bitcoin market initially did rally early on Monday but gave back gains rather quickly.
Gold experienced some downward movement in the early hours of Monday's trading session.
The NASDAQ 100 showed signs of strength during Monday's session, with ongoing bullish sentiment prevailing in the market.
The actions of central banks cutting rates are expected to continue influencing oil prices, driven by the anticipation of increased economic activity.
The natural gas market is currently grappling with significant downward pressure, resulting in a prevailing sense of skepticism among investors.
The silver market experienced a modest uptick during Monday's trading session
The S&P 500 index continued to experience significant buying activity, despite a relatively quiet start to Monday's trading session.
The US dollar has been showing strength against the Japanese yen, with the USD/JPY pair aiming to reach higher levels.
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Bulls Push to Test Resistance at $1.2652.
The AUD/USD exchange rate drifted upwards on Tuesday as the focus shifted to the upcoming US inflation data.
Bitcoin continued its strong rally, surging to the important psychological level of $50,000 for the first time since 2021.
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Over the past four trading sessions, the GBP/USD pair has attempted to rebound, with gains not exceeding the 1.2643 level.
Last week's trading was generally bearish for the performance of the price of EUR/USD.