The USD/ZAR has produced a rather durable wide near-term range for speculators as national issues within South Africa seemingly have delivered a workable reality.
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 GBP/USD price moved sideways as investors reflect on last week’s monetary policy decisions by the Fed and the BoE.
The EUR/USD price has been in a consolidation phase in the past few days as investors reflected on the American and European central bank decisions.
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Bitcoin price dropped sharply as fears of a more hawkish Fed coincided with the rising fears of a major recession in the coming year.
The USD/CAD has pulled back just a bit during the trading session on Monday, as we continue to see a lot of noise.
The USD/JPY has initially fallen a bit during the trading session on Monday but then turned around to show signs of life again.
The S&P 500 has fallen during trading on Monday, as it looks like the sellers are starting to overwhelm.
The NASDAQ 100 plummeted again during the trading session on Monday as we continue to fall through the floor.
The AUD/USD has rallied a bit during the trading session on Monday, as we continue to the core all right along this uptrend line of the bullish channel.
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The GBP/USD has rallied ever so slightly during the trading session on Monday, but it looks as if it is not quite ready to get aggressive to the outside yet.
The EUR/USD has rallied a bit during the trading session on Monday but continues to struggle above the 1.06 level in what can only be described as somewhat lackluster trading.
Gold markets have pulled back a bit from the previous trading, as we had broken out of a rising wedge.
India continues to be one of the better performers that I watched, as the Nifty 50 has bounced from the 50-Day EMA.
The West Texas Intermediate Crude Oil market initially rallied during the trading session on Monday but gave back early gains as we continue to see a lot of negativities out there when it comes to energy markets overall.
My previous signal on 15th December was not triggered as there was no bullish price action when any of the support levels were first reached.