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 USD/ZAR has been able to sustain its lower short-term price range in early trading this morning, but traders must prepare for additional choppy price velocity to develop.
The WTI Crude Oil market initially dropped towards the $75 level before making a quick turnaround to show significant bullish activity and form a massive hammer.
During Friday's trading session, the USD/JPY pulled back slightly, with the market appearing to head towards the ¥136 level in the short term.
During Friday's trading session, the GBP/JPY saw a lot of volatility as it fluctuated back and forth.
On Friday's trading session, the GBP/USD experienced a slight rally as the area just above the 1.19 handle provided some support.
In Friday's trading session, the EUR/USD saw a slight rally, but overall, the market remains noisy and volatile.
The AUD/USD has seen a bit of a rally during Friday's trading session, as it has found support near the 0.67 level.
The GBP/USD price bounced back above the important support point at 1.1923 as the US dollar index (DXY) pulled back slightly.
The EUR/USD price pulled back ahead of a relatively busy market week in the financial market.
Bonuses & Promotions
The BTC/USD pair remained on edge after making a major bearish breakout on Friday.
The AUD/USD exchange rate bounced back above the key support level at 0.6696 ahead of the upcoming interest rate decision by the Relative Strength Index (RSI).
The EUR/USD produced a rather intriguing range last week as a low of nearly 1.05335 was seen on Monday, and a high near the 1.06920 ratio on Wednesday was demonstrated.
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This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The GBP/USD went into the weekend near the 1.20430 ratio after a rather choppy and nervous display of trading the entire week.