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
Crude oil markets experienced a significant decline during Monday's trading session, marking an unfavorable start to the week.
The S&P 500 had been somewhat hesitant to make a move during the early hours on Monday, as we are hanging around the 4700 level.
The USD/JPY displayed back-and-forth movements during Monday's trading session, leaving little clear direction for potential investments.
The GBP/USD price rose for four straight days as the recent US dollar index (DXY) rally faded.
The EUR/USD exchange rate remained in a tight range as traders reflected on the relatively important economic numbers from Europe and the US.
Bitcoin price went parabolic as investors continued to anticipate a spot Bitcoin ETF.
The pound sterling showed remarkable resilience as the US dollar was performing well but reversed sharply after the release of the US non-farm payrolls report.
By the end of last week's trading, gains in the price of gold (XAU/USD) were negatively impacted by stronger-than-expected U.S. job figures, which could support the tightening of the U.S. central bank's policy.
The improvement in US job numbers stronger than all expectations helped the USD/JPY bulls rush towards the 145.98 resistance level.
Bonuses & Promotions
The US dollar was unable to make any headway against European currencies on Thursday, but it did record a brief net gain after stronger-than-expected US employment data.
The USD/MXN has returned to its lower value range, this as speculators await full market volumes to return.
As the USD/ZAR trades near the 18.80200 ratio as of this writing, speculators who participated in the currency pair last week are questioning where momentum will develop.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The USD/TRY opened weekly trading on the rise, with continued pressure on the price of the Turkish Lira, which witnessed a decline to record levels.
The S&P 500 encountered initial downward movement during Friday's trading session.
Silver appears to be making an effort to defend the $23 level, which has held significance in the past, making it a notable area of interest.