GBP/USD seems to have established a foothold above the 1.24 resistance in the recent trade and could rise further in the coming days and weeks,
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 neutral performance of the USD/JPY currency pair continues.
At the beginning of this week's trading, XAU/USD gold futures hovered around $2000.
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The NZD/USD has remained within the lower depths of its price range, and speculators who continue to feel attracted to the potential of buying positions should be careful.
Trading conditions in the USD/INR have presented day traders with a classic case of a rather wide price range that looks technically attractive but potentially has been very costly for the unprepared.
The USD/JPY has shown some strength against the Japanese yen during Monday’s trading session, as it continues to push higher against the yen.
In recent trading sessions, the S&P 500 has been bouncing around in a 100-point range, with the 4100-level providing support and the 4200-level acting as a potential short-term ceiling.
Natural gas is an important energy source that is used for heating and electricity production, and its markets have recently been marked by a lot of noise and uncertainty.
The West Texas Intermediate (WTI) crude oil market has been seeing a lot of noisy behavior lately but it seems to have found some support near the 50-Day EMA.
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The GBP/USD has been trading in a tight range between 1.24 and 1.25 levels as the market looks to fight through a barrier.
The British pound drifted upwards on Monday and Tuesday morning ahead of key economic numbers from the United States.
The EUR/USD exchange rate continued rallying as the US dollar sell-off slide resumed.
The AUD/USD exchange rate was flat on Tuesday even as the US dollar index dropped to its lowest level on April 14.
My previous BTC/USD signal on 19th April was not triggered, as there was no bullish price action when the support levels I had identified that day were first reached.
Silver experienced a small pullback during Monday’s trading session, but buyers quickly stepped in, turning the market around as they saw an opportunity to buy "cheap silver."