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 steady performance of the EUR/USD on the daily chart foreshadows a stronger move ahead.
The GBP/USD performance today will be driven by the UK jobs and wages data and then the US inflation numbers.
With the beginning of this week's trading, the price of gold fell to the $ 1488support level , from which it started again to test stronger resistance areas up to the top of $ 1520 an ounce at the time of writing.
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Ahead of the release of important and influential US inflation figures, USD / JPY continues its strongest losses, reaching the 105.04 support level and a seven-month low, before stabilizing around 105.27 at time of writing.
Bitcoin: Bearish wedge remains supported by $11,112
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The British pound gapped higher to kick off the trading session on Monday, but then rolled over to test the 1.20 level later on.
The Australian dollar initially tried to rally during the Monday session but found the 0.68 level to be far too much in the way of resistance to continue going higher.
The Euro has continued to show a lot of volatility, as we continue to dance around the 50 day EMA.
The S&P 500 initially tried to rally during the trading session on Monday, reaching towards the 50 day EMA before rolling over and falling rather significantly.
The West Texas Intermediate Crude Oil contract had a choppy session on Monday as traders came back from the weekend.
The NASDAQ 100 has fallen a bit during the trading session on Monday after initially trying to rally.