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 was little changed in early trading ahead of the important UK jobs and US Consumer Price Index (CPI) data.
The BTC/USD price remained under pressure as demand for the cryptocurrency waned.
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The DAX Index rallied on Monday but struggled to stay above the 50-day EMA by the time we closed.
The US dollar has been going sideways against the Norwegian krone over the last couple of weeks.
The West Texas Intermediate Crude Oil market rallied a bit on Monday to kick off the week on the right foot.
The S&P 500 gave up early gains to show signs of weakness yet again by forming a bit of an inverted hammer.
The NASDAQ 100 rallied significantly on Monday, but as you can see, gave up early gains to form yet another ugly candlestick.
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Gold fluctuated on Monday as it stays within the same consolidation area it has been in over the last four days.
The Australian dollar fluctuated on Monday as we are still looking for some type of clarity.
The Bitcoin market initially rallied on Monday but gave back a lot of the gains to form an inverted hammer, which is a potentially negative sign.
The euro initially sold on Monday, breaking well below the 1.18 level.
The British pound initially fell on Monday but then turned around to show signs of support.
The USD/BRL continues to trade in an oddly correlated trend compared to other major Forex pairs with a seemingly delayed reaction.