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 tried to rally during the trading session on Tuesday but got crushed as soon as the CPI numbers in the United States came out.
The AUD/USD exchange rate suffered a harsh reversal after the strong US inflation numbers.
The EUR/USD pair retreated below the bearish flag pattern as the US dollar index (DXY) surged to its highest point in three months.
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The GBP/USD exchange rate held better than other pairs after the strong US inflation inflation and UK jobs report.
The USD/SGD has produced a rather tranquil range the past couple of days.
The USD/BRL has been able to build some bearish momentum the past couple of days in Forex.
The GBP/USD exchange rate remains well supported.
As the closing last week was, the price of (USD/JPY) continued its upward path.
According to the recent trading sessions, the price of gold is moving in narrow ranges.
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The EUR/USD has been under pressure in 2024 trading but is unlikely to fall below 1.0723 during this week unless we receive a strong report on US inflation.
The Australian dollar has done very little during the trading session on Monday, rising slightly in the early hours.
The British pound initially did rally during the early hours on Monday.
The bitcoin market initially did rally early on Monday but gave back gains rather quickly.
Gold experienced some downward movement in the early hours of Monday's trading session.
The NASDAQ 100 showed signs of strength during Monday's session, with ongoing bullish sentiment prevailing in the market.