My previous signal last Monday was not triggered, as none of the key levels were reached that day, although the low was just a couple of pip above the nearest key support level which I had identified at $0.6404.
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 GBP/USD pair continued its bullish trend during the evening and morning sessions as results of Tuesday’s midterm elections streamed in.
The EUR/USD price rose for three straight days as the US dollar continued.
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The BTC/USD price plunged below 20,000 as the cryptocurrency industry came under renewed pressure.
The price of the euro against the dollar, EUR/USD, entered the trading of the new week amid bullish momentum.
Since the start of this week's trading, the price of the USD/JPY currency pair is settling lower around the support level 146.08 amid selling operations.
For two days in a row, GBP/USD has rebounded sharply from previous losses and may attempt to recover further in the coming days.
Since the start of trading this week gold XAU/USD starting what investors expect to be a tumultuous trading week.
The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the second consecutive day.
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Spot natural gas prices (CFDS ON NATURAL GAS) declined in early trading on Wednesday, to record slight daily losses until the moment of writing this report.
The West Texas Intermediate Crude Oil market looks as if it is trying to break out during the trading session on Monday, as we are threatening the structural high from the last rally, and of course are sitting just above the 200-Day EMA.
The gold markets have initially pulled back during the trading session on Monday but have seen plenty of buyers to come back into the market, forming a little bit of a hammer.
The EUR/USD has rallied again during the trading session on Monday, to reach the parity level.
The GBP/USD has rallied a bit during the trading session on Friday, as we continue to see a bit of a recovery of European-related currencies.
The BTC/USD has pulled back just a bit during the trading session on Monday, as we continue to see very quiet trading.