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 AUD/USD currency pair appears to be in the process of breaking down as of the past couple of trading sessions.
The Euro faced a decline against the US dollar at the beginning of the trading week.
The British pound experienced a minor decline against the Japanese yen (JPY) in the early hours of Monday's trading session.
The NASDAQ 100 continues to exhibit a positive outlook in the early hours of Monday's trading session.
The S&P 500 commenced the week with a notably subdued tone, reflecting the scarcity of impactful economic announcements on Monday.
The Natural Gas market continues its efforts to establish a basing pattern, primarily hovering just above the critical $2.00 mark.
The USD/JPY pair continues to exhibit a bullish outlook as it enters the new week.
The West Texas Intermediate (WTI) crude oil market displayed some early choppiness on Monday.
On Monday, the British pound exhibited a drop against the US dollar as markets grapple with the prospect of a Federal Reserve adopting a more prolonged tightening stance.
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In Monday's trading session, Bitcoin experienced a slight rally, although it remains within a consolidation range.
The BTC/USD pair remained at 42,500 as traders waited for the next important news.
The EUR/USD plunged to a multi-week low as the US dollar index (DXY) rally gained steam.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD exchange rate continued plunging after a hawkish statement by Jerome Powell and strong US economic numbers.
Zone at $0.6520/8 looks likely to be today’s pivotal point.
Last week, gold price gains reached the resistance level of $2065 per ounce.