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 West Texas Intermediate Crude Oil market fell rather hard during the trading session on Monday as we have gotten less-than-enthusiastic PMI figures from China.
The euro initially tried to rally during the trading session again on Monday but turned around to show signs of weakness as we rolled over in the same general vicinity.
The British pound initially rallied during the trading session on Monday but then gave up early gains to start falling.
The 1.1900 area remains a formidable resistance barrier.
The GBP/USD pair retreated slightly after the relatively mixed manufacturing data from the US and UK and as worries of the Delta variant remained.
The BTC/USD price retreated during the overnight session as investors reacted to the proposed crypto taxes in the US.
Throughout the last week's trading, the EUR/USD currency pair was performing amid an upward correction momentum with gains that affected the resistance level 1.1909.
An important date awaits the sterling pairs this week as the Bank of England will announce an update on its monetary policy decisions.
During last week's trading, the price of gold benefited a lot from the decline of the US dollar, the decline in US Treasury bond yields, and the halting of the rise in inflation rates.
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In the last two trading sessions of last week, the price of the USD/JPY currency pair remained stable below the psychological resistance level of 110.00.
SafeMoon/USD is another ‘new’ cryptocurrency coin which began trading in March and has enjoyed speculative results.
Hex coin has continued to lose buying momentum in the past week as the likely effects from a famous influencer diminishes short term.
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Sign up to get the latest market updates and free signals directly to your inbox.SHIB/USD traded at highs yesterday not seen since the 26th of July, but a reversal lower in early trading today has the Shiba coin barking within its lower range again.
Yesterday’s spike upwards by ETH/USD has been followed by rather stark reversals and traders should prepare for more volatility.
The DAX Index fluctuated during the trading session on Friday as it headed into the weekend.