During the last three trading sessions last week, the EUR/USD price succeeded in rebounding higher with gains that reached the level of 0.9854.
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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Last week's trading was somewhat good for the pound sterling against the rest of the major currencies, as the Bank of England intervened to fix what was spoiled by the British government's plans.
For five trading sessions in a row, the price of the USD/JPY currency pair continued to maintain its bullish momentum near its highest level in 24 years.
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XAU/USD gold futures rose modestly amid swings in the US dollar and lower Treasury yields, as global financial markets continued to slide.
The USD/BRL closed around the 5.4154 ratio going into the weekend, having crept slightly upwards incrementally on Friday as the day came to an end.
The USD/CAD remains within the upper realms of its long term price range and traders will need to remain diligent while pursuing the Forex pair.
The WTI Crude Oil market has fallen during the trading session on Friday, to lose almost 2.5%.
The S&P 500 has fallen a bit during the trading session on Friday as we continue to see a lot of “risk off” type of situation.
The NASDAQ 100 has rallied a bit during the trading session on Friday but then turned around to show signs of weakness as we have broken below the 11,000 level.
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The CAC tried to rally on Friday, and although it did keep some of the gains, it ended up forming a bit of an inverted hammer.
The USD/JPY has rallied a bit during the trading session on Friday to test the ¥145 level.
The AUD/USD has sold off significantly during the trading session on Friday, as we continue to threaten the bottom.
Gold markets rallied a bit during the trading session on Friday but continues to see the $1680 level as an interesting resistance barrier, and of course hold off from that level.
The EUR/USD gave up some of the momentum heading into the weekend, as we are hanging about the 0.98 level.
The BTC/USD has done almost nothing during the trading session yet again during the day on Friday, as we are sitting just below the 50-Day EMA.