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 West Texas Intermediate Crude Oil market has gone back and forth during the day on Friday, showing signs of hesitation and confusion.
The GBP/USD initially tried to rally during the training session on Friday but gave back early gains as Jerome Powell made it abundantly clear that the Federal Reserve was going to remain very tight and continue to focus on inflation, not other economic indicators.
The EUR/USD initially tried to rally during the session on Friday, to break well above the parity level as traders got ready to hear the Jerome Powell speech coming out of Jackson Hole.
The ETH/USD has fallen hard during the trading session on Friday, as Jerome Powell gave his Jackson Hole speech.
The BTC/USD has fallen during the trading session on Friday as we continue to see negativity in the Bitcoin market.
The USD/JPY rallied a bit during the trading session on Friday, especially after the Jerome Powell speech.
The BTC/USD price continued slumping on Monday morning as the recent sell-off continued.
The AUD/USD initially tried to rally during the session on Friday but gave back gains as the market has been turned around.
The EUR/USD price continued its bearish trend after a series of hawkish statements by the European Central Bank (ECB) and Federal Reserve officials.
Bonuses & Promotions
The S&P 500 has broken heart to the downside during the trading session on Friday as Jerome Powell has finally convinced Wall Street, that he is serious about fighting inflation.
The GBP/USD exchange rate is hovering near its lowest level since March 2020 as the US dollar makes a strong comeback.
The NASDAQ 100 got crushed on Friday as Jerome Powell has finally talked the market into believing the fact that he is trying to fight inflation.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Gold markets got hammered during the trading session on Friday after Jerome Powell gave a very hawkish speech at Jackson Hole.
The Aussie stood out last week as the only major currency which ended the week slightly higher than the strong US Dollar.
The best support and resistance levels in major and minor Forex currency pairs for the week ahead commencing 28th August 2022.