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 GBP/USD exchange rate rose to its highest swing in a week ahead of a busy week in the forex market as the US publishes the latest inflation and retail sales numbers.
Trading in the USD/TRY remained stable during the beginning of the week, as decisions from the Turkish Central Bank and the government continued to support the stability of the lira against the dollar, which has been ongoing for about a month.
With the start of trading in the US inflation week, the price of the US dollar against the Japanese yen “USD/JPY” stabilizes around last week’s gains of 155.90 at the time of writing the analysis.
With the start of this week's trading, the price of the euro against the US dollar EUR/USD is moving in a very narrow range amid quiet trading, a calm economic calendar today,
Last Friday concluded a busy week for UK markets with the release of Gross Domestic Product (GDP) data
With the start of this week’s trading, gold prices rose near $2,360 per ounce.
The US Dollar has continued to sell off slowly over recent hours, off the new lower resistance level at 105.28.
The US dollar initially pulled back just a bit during the trading session on Friday, only to turn around and show signs of strength.
The German index has been rather bullish for some time now and it took off again during the trading session on Friday.
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The S&P 500 initially rallied a bit during the early hours on Friday, but then turned around quite drastically.
Difficult to predict next major move.
The US dollar bounced around during the trading session on Friday as it looks like we don’t really have any momentum to say the least.
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The US dollar initially rallied against the Swiss franc during the trading session on Friday but gave back gains to show signs of hesitation.
Bitcoin initially tried to rally during the trading session on Friday but has since fallen apart.