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
Ethereum has fallen a bit during the trading session on Friday, breaking through the bottom part of a rectangle.
Silver has rallied a bit during the trading session on Friday, but has given back the gains to show signs of exhaustion.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Friday, as we have threatened the $80 level.
My previous USD/JPY signal on 1st February was not triggered, as there was no bullish price action when the support levels which I had identified at ¥129.41 and ¥128.88 were first reached that day.
The USD/JPY has initially fallen a bit during the session on Friday, but it certainly looks as if it is going to continue to fight against the Japanese yen, and therefore I think we’ve got a situation where we may be building up a base.
The USD/CHF pulled back just a bit during the trading session on Friday, only to turn around and show signs of life again.
The EUR/USD has fallen a bit during the trading session on Friday, as we are hanging around the 50-Day EMA.
The GBP/USD has gone back and forth during the trading session on Friday as we hover around a couple of moving averages.
The AUD/USD has done very little during the trading session on Friday, as we continue to hang around the 0.6950 level with no real delivery of momentum.
Bonuses & Promotions
The GBP/USD pair continued pulling back because of the strong US dollar.
The EUR/USD continued pulling back as the US dollar index (DXY) strength gained steam.
The AUD/USD exchange rate rose after the relatively hawkish interest rate decision by the Reserve Bank of Australia (RBA).
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The GBP/USD traded slightly below the 1.19600 ratios last Tuesday and then began a reversal higher and came within the 1.21920 vicinities on Thursday.
The EUR/USD touched its lowest values as it went into the weekend, after exhibiting a choppy range which saw Thursday’s move higher run into a strong reversal downward.