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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Silver has initially fell during the trading session on Tuesday, but then turned around to show signs of life again.
The US dollar rallied a bit during the trading session on Tuesday but has run into a little bit of noise just below the ¥155 level.
The EUR/USD consolidation continued on Wednesday morning in a low-volume environment.
Bitcoin price consolidation has continued its consolidation phase this week as concerns about regulations continued.
The AUD/USD exchange rate pulled back even after the Reserve Bank of Australia (RBA) delivered a hawkish pause on Tuesday.
May be long opportunity at support levels.
The late week decline in the GBP/USD exchange rate is an ominous sign and suggests potential losses in the coming days.
The Japanese yen has once again weakened past 154 yen to the dollar, giving up last week's gains even after top currency diplomat Masato Kanda said the government is ready to combat disorderly and speculative forex moves.
According to recent trading, the euro appears increasingly ready to test some upside targets against the US dollar in the coming days, thanks to a strong reaction to the US jobs report on Friday.
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Gold prices rose above $2328 an ounce today, Tuesday, supported by renewed hopes that the Federal Reserve will start cutting US interest rates this year, after weaker-than-expected job growth in the United States.
The euro rallied slightly during the early hours on Monday as it looks like we are threatening the 200 day EMA.
Gold and Silver are holding up relatively well despite the generally strong bearish reversals we have recently seen in commodity markets.
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You can see that the DAX did rally pretty significantly right off the bat here early Monday morning, but we are starting to see trouble in a very familiar area.
The U.S. dollar has been choppy against the Canadian dollar during early trading on Monday.