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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$42,663 looks likely to be today’s pivotal point.
The price is trading at a new 8-month low on high volatility.
The EUR/USD retreated in the overnight session as global risks continued rising and as US bond yields rose.
The AUD/USD declined as investors reflected on the growing risks of a US government shutdown and stagflation.
The Euro has drifted lower during the bulk of the month of September, reaching down towards the 1.17 level.
The NASDAQ 100 has been in an uptrend for what seems like ages, and I think that might continue to be the case.
The S&P 500 has been drifting a little bit lower over the last several weeks, as September has been a little bit difficult.
The US dollar has rallied significantly in September against the South African Rand, setting up a potential attempt to break out above a resistance barrier.
Gold markets have been slumping during most of the September month, reaching down towards the $1750 level multiple times.
Bonuses & Promotions
The AUD/USD tilted higher as investors cheered the ongoing vaccination progress in Australia and the reopening plan in New South Wales (NSW).
The BTC/USD pair remained under pressure as investors waited for the next catalyst for the cryptocurrency.
The GBP/USD held steady in the overnight session as fears of higher inflation in the UK rose after crude oil and natural gas prices jumped.
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The US dollar has initially tried to rally against the Canadian dollar on Monday, but then fell towards the 200 day EMA.
The West Texas Intermediate Crude Oil market has rallied significantly on Monday to kick off yet another bullish trading session.