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.
Most Recent
The TRY/USD continued its losses against the dollar, as it opened the weekly trading with new declines in the price of the lira against the dollar, recording a new low before the country entered the run-off of the presidential elections.
The USD/ MXN currently is around the 17.77750 realm as of this writing after starting last week’s trading near the 17.40600 ratio, and will get the attention of speculators.
The USD/ZAR is near 19.42800 as of this writing with a flourish of fast trading taking place early this morning.
My previous EUR/USD signal on 9th May was not triggered, as none of the key levels which I had identified were reached during that day’s London session.
The GBP/JPY exhibited resilience during Friday's trading session, recovering from an initial pullback as buyers reentered the market.
The GBP/USD experienced a rally from the 50-day Exponential Moving Average during Friday's trading session, highlighting the market's volatile nature.
The USD/JPY has shown strength against the Japanese yen in recent trading sessions, with the market poised to continue its upward trajectory.
Gold markets displayed an initial rally during Friday's trading session; however, hesitation emerged as the 50-day Exponential Moving Average (EMA) continued to exert its influence.
The West Texas Intermediate (WTI) Crude Oil market experienced an initial rally during Friday's trading session but quickly relinquished its gains.
Bonuses & Promotions
Silver has continued its back-and-forth trading pattern, displaying similar choppy behavior witnessed in the preceding days.
Natural gas markets rallied slightly during Friday's session, indicating a potential push toward the $3 level.
The NASDAQ 100 initially tried to rally during the trading session on Friday but gave back gains as we may have gotten slightly extended.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD experienced a rebound during Friday's trading session, indicating a potential period of value hunting.
The AUD/USD bounced a bit during the trading session on Friday, as the 0.66 level has continued on for support.
The GBP/USD pair rose slightly as the market watched the deliberations on the debt ceiling and the upcoming Federal Reserve minutes.