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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Despite the recent sell-offs that the GBP/USD currency pair was exposed to last week, the factors of the pound’s strength in the forex market still exist.
During last week's trading, the price of the EUR/USD currency pair was exposed to selling operations that are considered profit taking
SOL/USD is trading at an important long-term low as of this morning as it suddenly finds its price near values seen in August of 2021.
XRP/USD has struggled the past week, and over the weekend touched dangerous lows, so speculators now have to consider risk reward scenarios.
The Bitcoin price is bearish below $36,656.
Ethereum has broken major support in the form of the $30,000 level, as Bitcoin got crushed as well.
Polkadot broke lower on Friday as we continue to see anything risk related get absolutely hammered.
Gold markets fell a bit on Friday to reach down towards the $1831 level.
The NASDAQ 100 initially gapped lower during the Friday session only to turn around and fill the gap.
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The S&P 500 gapped lower on Friday, turned around to fill the gap, and then turned around again and broke down rather significantly.
The euro rallied a bit on Friday as we have been bouncing around the same area for the last three days or so.
The British pound fell hard on Friday to break down below the 200-day EMA.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin took a huge hit on Friday as the support has completely given up.
The West Texas Intermediate Crude Oil market fell rather hard during the Friday session, reaching down towards the $83 level.
The US dollar rallied significantly on Friday to reach towards the 1.2560 area.