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 price is trading between $1.3525 and $1.3600.
The EUR/USD pair was in a tight range in the overnight session as investors waited for the closely-watched American inflation numbers.
The BTC/USD price soared to an all-time high of more than $68,000 as demand for Bitcoin rose.
The AUD/USD pair declined to the lowest level since October 13 ahead of the latest US inflation numbers.
The weakness of the US dollar strongly contributed to the increase in the price of gold, reaching the resistance level of $1827 as of this writing.
As I predicted, the USD/JPY is ripe for profit-taking, which is what happened over the last three trading sessions and is settling around 112.72 as of this writing.
With the gains in the US dollar stalled, the GBP/USD found the opportunity to capture some of the gains, which reached 1.3582 as of this writing.
For the second day in a row, the bulls are trying to bring the EUR/USD out of its bearish channel as the pair settled around 1.1606 and the bears moved the price to the 1.1513 support area, the lowest in more than 15 months.
The USD/ZAR has continued to see its short -bearish trend pick up momentum as crucial support is approached, and speculators need to decipher direction.
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ETH/USD has extended its bullish momentum, and in early trading this morning is positioned near record heights as speculators dream big.
The Aussie is showing relative weakness.
The FTSE 100 tried to rally just a bit on Monday, but as you can see, we still have some work to do to the upside.
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The US dollar went back and forth on Monday against the Canadian dollar, as we are sitting just below the 50-day EMA.
The British pound rallied rather significantly on Monday to turn around and bounce above the 1.3550 level.