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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As series of breakouts, despite ongoing economic weakness in the Eurozone and fresh tariffs on the EU due to the latest WTO ruling, has elevated the EUR/USD off of extreme oversold conditions.
The West Texas Intermediate Crude Oil market has broken down a bit during the trading session on Monday, as the $55 level has offered a significant amount of resistance.
Natural gas markets rallied after initially gapping higher on Monday from extreme lows.
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Gold markets rose a bit during the trading session on Monday to kick off the week, as we said just below the crucial $1500 level.
Bitcoin markets did very little during trading on Monday, but in all fairness it was Columbus Day in the United States.
The S&P 500 did almost nothing during the trading session on Columbus Day, which is a minor holiday in the United States.
The NASDAQ 100 has gone back and forth during the trading session on Monday which might have been a little bit skewed due to the fact that it was Columbus Day.
The British pound has pulled back a bit from the 200 day EMA on Monday, as we continue to see a lot of noise.
The US dollar is likely to find pressures going higher, as the 200 day EMA is sitting at the ¥108.60 level.
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The Euro went back and forth during the trading session on Monday, showing signs of confusion and exhaustion.
The Australian dollar has gone back and forth during the trading session on Monday, as the market is testing the 50 day EMA.
Cautious optimism in regards to Brexit starts to establish, but with the EU summit only two days away it remains an unlikely breakthrough to accomplish as divisions remain.
USDCAD: Today’s pivotal point likely to be 1.3240 / 50
USDCHF Analysis: Trendless ranging price action