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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In my daily analysis of the EUR/USD pair, the first thing I see is that the euro is struggling against the US dollar yet again.
During my daily analysis of the GBP/USD pair, I’ve noticed that although we had a little bit of upward trajectory early in the session.
In my daily analysis of the AUD/USD pair, the first thing that comes to mind is the word “consolidation”.
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Gold prices experienced selling pressure at the beginning of the US jobs week, declining to $2,622 per ounce from the resistance level of $2,652 per ounce in the same trading session, and stabilizing around $2,638 per ounce at the beginning of trading on Tuesday.
EUR/USD declines below 1.0500 under pressure from US dollar strength, driven by trade policy fears and eurozone political instability.
USD/SGD remains volatile near 1.34425 as nervous sentiment dominates, with key resistance at 1.34475 and potential U.S. jobs data influence ahead.
USD/BRL reaches record highs, driven by Brazil’s fiscal uncertainty and global nervous sentiment, with resistance near 6.0790 and continued volatility expected.
The US dollar strengthens against the Canadian dollar, nearing four-year highs, as Canada's economy feels the strain of reduced US demand.
The euro tests crucial long-term support against the pound near 0.82, with risks of a major drop, while traders remain cautious amid eurozone and UK challenges.
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The US dollar holds below 150 yen, with traders eyeing Fed rate cut speculation and bond market shifts, while waiting for signs of a rebound.
The Aussie dollar faces consolidation near 0.6450 as USD strength prevails, with key levels and upcoming jobs data shaping short-term moves.
In my daily analysis of the commodity markets, the silver market has stood out due to the fact that we are hanging around a large, round, psychologically significant figure.
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The US dollar edges higher against the rand, testing 18.4 resistance, with potential moves shaped by inflation and end-of-year profit-taking.
During my daily analysis of the commodities markets, the natural gas market is caught my attention as we are in the midst of fairly obvious consolidation.
During my daily analysis of the cryptocurrency markets, the Ethereum market has caught my attention, because we initially did try to rally.