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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And what I can only assume is a bit of profit-taking, during my analysis on Monday of the USD/CAD pair, the first thing I notice is that we have pulled back from the crucial 1.3950 level.
The US dollar initially gapped at lower to kick off the trading week against the Norwegian Kroner but has turned around to show signs of strength.
The Forex market has turned against the US Dollar over recent days as institutions begin to anticipate true uncertainty between Trump and Harris in the US Presidential Election, or even begin to give Harris an edge.
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In my daily analysis of the British pound against the Japanese yen, I noticed that we are in the midst of a major consolidation area.
The British pound the euro has rallied just a bit during the early hours on Monday as we continue to see this pair try to build some type of bottom.
The US dollar rose slightly against the Turkish lira in early trading on Monday, although the pair did not surpass the peak recorded last month at 34.41 lira.
The Euro to the US Dollar (EUR/USD) exchange rate recorded its first weekly gain in five weeks after disappointing US jobs figures reinforced bets on a rate cut by the Federal Reserve.
For two days in a row, the GBP/USD currency pair has been trying to rebound higher to compensate for the strong losses it suffered last week, which extended to the 1.2843 support level, its lowest in three months.
The Aussie dollar initially broke above the 1.09 level during the early hours on Friday but has turned around quite significantly.
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The New Zealand dollar has been all over the place during the trading session on Friday, as we continue to see a lot of noise in general.
The Australian dollar initially pulled back just a bit during the trading session on Friday, only to turn around and show signs of strength again against the Swiss franc.
The USD/MXN sold off this morning as trading began, but the currency pair remains rather comfortably above the 20.00000, this as a sea of volatility gets ready to unleash.
The USD/ZAR moved towards rather durable support in early trading this morning when the 17.50000 level was penetrated slightly lower temporarily, but then produced a slight reversal higher.
The British pound has been fairly strong during the trading session on Friday as the jobs number in the United States came out as adding just 12,000 jobs last month.
The GBP/USD pair continued its strong downtrend ahead of the upcoming US election and Federal Reserve and Bank of England (BoE) decisions. It retreated to a low of 1.2845, its lowest swing since August 15.