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 USD/ARS has seen its bullish trend remain intact and speculators with the capability of pursuing the upward momentum may find more opportunities.
The USD/ZAR has traded lower again as the week has begun, but a short-term battle is being waged as the Forex pair tries to establish stronger direction.
Price looks congested and hard to predict.
The support at 1.1914 could be pivotal today.
The price of gold has remained stable between the $1700 support level and the $1740 resistance level, waiting for enough momentum to move higher or resume recent downward pressure.
A continuous bullish path for the USD/JPY pair awaits more momentum to test stronger highs.
Risk-aversion is weakening the GBP/USD pair, which is moving away from the 1.4000 psychological resistance level, confirming a bearish performance and causing profit-taking.
The EUR/USD pair started trading this week under bearish pressure, stable around the 1.1925 support level as of this writing.
The pair may bounce back soon as bulls attempt to retest the all-time high.
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The GBP/USD declined mostly because of the strong dollar as the US Treasury yields retreated.
The USD/INR is testing its short-term range as support continues to be targeted and is looking potentially vulnerable technically.
The Euro has fallen just a bit during the trading session on Monday to reach down towards the 1.19 handle before bouncing.
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Sign up to get the latest market updates and free signals directly to your inbox.The NASDAQ 100 has gone back and forth during the course of the trading session on Monday, as we continue to hang around the 13,000 level.
The S&P 500 has done very little during the trading session on Monday as the market has essentially tread water as we wait for Jerome Powell on Wednesday.
The British pound has gone back and forth during the course of the trading session on as we continue to see the uptrend line at the bottom of the channel offer a bit of support.