Gold futures rose this week, violating the general bearish trend that dominates global financial markets.
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 British pound has entered the new week with additional downside risks this week from the dollar and its response to a possible Fed policy decision.
The EUR/USD did not change much last week, but it could see more volatile trading during the coming days after policy decisions of the Federal Reserve (Fed) and the European Central Bank (ECB).
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The pair is awaiting direction from major data releases tomorrow and Thursday.
The USD/TRY is growing in volatility and speculators with short-term ambitions should treat the Forex pair with extreme cautiousness if they pursue its trading.
The Bitcoin market initially poked above the $50,000 level to kick off Monday, but then got hammered to reach down towards the 200-day EMA.
Ethereum fell rather significantly on Monday, slicing through the $4000 level.
The DAX Index rallied significantly on Monday to kick off the week on a bullish foot but found trouble at the €15,800 level to turn things around and form a shooting star.
The NASDAQ 100 initially tried to rally on Monday but gave back gains in order to continue to see the same consolidation area that we have been in for a while.
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The S&P 500 gave up gains after initially trying to rally during the Asian session, showing signs of hesitancy at the all-time highs.
Silver markets rallied a bit on Monday but also gave back quite a bit of the gains.
The West Texas Intermediate Crude Oil market was grinding sideways during the majority of trading on Monday, as traders seem relatively content to ride out the rest of the year, waiting for more liquidity to come into the marketplace.
The euro fell a bit on Monday, reaching down towards the lows of the Friday session.
The British pound gapped lower on Monday, but then turned around to reach the highs of the Friday session before breaking down.
The gold market initially tried to rally on Monday to reach towards the $1790 level.