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 USD/MXN has turned bullish in the short term after important resistance was punctured late last week, adding speculative buying to the mix.
As of this morning, gold is trading near the important juncture of 1800.00, after having made rather polite gains the past two days.
With the stalling of the US dollar’s gains ahead of the Jackson Hole Symposium this week, gold rebounded higher to $1806, where it has settled as of this writing.
The USD/JPY will remain unstable until the much-anticipated Jackson Hole Symposium later this week.
The GBP/USD kicked off the week at the 1.3602 support, it's lowest of the year, but gained momentum and moved up to the 1.3747 resistance level as of this writing.
The EUR/USD was quick to recover after the recent turmoil in the global markets.
0.7250 may act as strong resistance.
Ethereum has produced astonishing consolidated and tranquil trading results the past handful of days and this may attract speculators.
The US dollar got hammered on Monday against the Canadian dollar as the crude oil markets took off.
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The West Texas Intermediate Crude Oil market rallied significantly on Monday, reaching above the $65 level.
Bitcoin broke above the $50,000 level on Monday but then pulled back to form a bit of a shooting star.
The NASDAQ 100 rallied significantly on Monday as we continue to see plenty of momentum jump to the upside ahead of the Jackson Hole meeting.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 rallied significantly again on Monday, as it looks like traders are trying to price in the idea of the Federal Reserve pausing tapering.
The 1.1750 level is holding as resistance.
The British pound rallied quite significantly on Monday as traders sold off the US dollar in general.