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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Natural gas markets have experienced an upward trend for four consecutive days, notably surpassing the key $2.50 level on Monday.
Crude oil markets experienced a significant upswing during Monday's trading session.
The AUD/USD has shown a slight upward movement during Monday's trading session.
Bitcoin price continued consolidating this week as the recent momentum faded.
The EUR/USD exchange rate rose slightly ahead of the upcoming European consumer inflation and US housing data.
The GBP/USD exchange rate continued its downtrend as traders continued assessing last week’s interest rate decisions by the Federal Reserve and the Bank of England (BoE).
Resistance level at $0.6729 holding for now.
The TRY/USD stabilized during the early trading of the weekly trading near its highest levels ever.
The US dollar rebounded ahead of the weekend last week after one of the Federal Open Market Committee members said that his colleagues should be prepared to raise interest rates again if necessary.
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Last week, GBP/USD was the most prominent for the traders of Forex currencies, as the pair of sterling currencies jumped against the dollar towards the resistance level 1.2794 higher for the currency pair for more than three months.
The USD/MXN is trading near the 17.23300 ratio as of this writing.
The euro's attempt to rebound last week failed. Despite the bulls' success in moving the pair towards the psychological resistance of 1.1000, the dollar came back strong to close the week lower, stabilizing around 1.0893.
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By the end of the trading last week, the price of XAU/USD gold declined from its highest levels in the session at about 2042 dollars, to trade at about 2017 dollars an ounce, after the last round of American economic data.
The silver market showed some resilience during Friday's trading session as it dipped slightly before bouncing back from the $24 level.