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 EUR/USD exchange rate remained in a consolidation mode as traders waited for the upcoming US inflation data.
Bitcoin held tight as traders waited for the closely-watched spot ETF decision by the Securities and Exchange Commission (SEC).
The Australian dollar pulled back against the greenback ahead of the crucial US consumer inflation data.
The exchange rate of the British Pound against the US Dollar GBP/USD is on a short-term upward trend that may extend in the coming days.
Without EUR/USD adjusting to gains above 1.10 negative resistance during the off days, however, weak inflation adjustment on Thursday could keep the pair supported above 1.09 until the end of the week.
At the beginning of this week's trading, the gold price XAU/USD attempted to rebound higher, but its gains did not exceed the $2046 per ounce level.
The USD/BRL is testing important support levels and is in the midst of a rather tight price range it has managed to hold onto since the third week of December.
The USD/SGD has traded slightly lower after touching a high of nearly 1.33060 early this morning and technical suspicions lurk after recent price volatility.
The USD/TRY maintained its continuous rise during the current week, as the pair approaches the level of 30 lira to the dollar.
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My previous signal on 3rd January was not triggered.
Ethereum, after a brief dip in Monday's trading session, has shown signs of resurgence, breaking above the 20-day Exponential Moving Average.
The EUR/USD remained relatively stable during Monday's trading session, hovering just above the 1.09 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold experienced a decline during Monday's trading session, reflecting the ongoing volatility in the broader financial markets.
The NASDAQ 100 initially pulled back slightly during the trading session on Monday, but turned around right at the open in New York, to take off and reach toward the 16,500 level.
Silver witnessed a decline in Monday's trading session, a reflection of the persisting market volatility.