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/ZAR has experienced a tumultuous two weeks of trading as August is set to begin, as reactions to unrest in South Africa’s communities remains nervous.
Difficult July Potentially Leads to Better August
Bitcoin traders should expect another month of surprises.
The S&P 500 was very noisy during the course of the month on July, and I suspect that August probably will not be any better.
Gold markets are building up for a move, and we could see that move come in August.
The NASDAQ 100 rallied again during the month of July, but it should not be thought of as an easy month.
DOGE/USD has battled off bearish ratios in the past week, but bullish traders are still being confronted by the lower price range as they decide on direction.
At this point, I think you are going to have a very choppy month of August.
As you can see on the longer-term weekly chart, the United States dollar has been very range-bound against the Indian rupee for roughly 2 years.
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One-Month Highs Being Tested as August Set to Begin
Ethereum: Reversal in Trend and Questions that Need Answers
Start the week of August 2, 2021 with our Forex forecast focusing on major currency pairs here.
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The crude oil markets were somewhat quiet most of the trading session but started to rally later on as the WTI market has reached above the $73.50 level.
The US dollar has fallen against the Mexican peso during the trading session on Thursday again, reaching down towards the 19.85 level.