The GBP/USD pair remained in a tight range in the Asian session as investors continued focusing on Ukraine’s crisis and positive economic numbers from the UK.
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 EUR/USD pair was little changed in the evening session as the crisis in Europe continued and after the positive European Union data.
The AUD/USD pair was little changed after more signs emerged that the Australian economy was doing well.
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Futures prices ended the week higher thanks to a cooler outlook in early March, although they lost some ground late in the week.
The lira stabilized during today's early trading, without major changes.
By the end of last week's trading, gold futures struggled to stay above the critical $1900 resistance level.
Amid increasing appetite for safe havens, as well as the temporary abandonment of the US dollar, and the recent FOMC minutes, the USD/JPY was sold off.
The British pound settled above a key level against the US dollar after UK retail sales for January beat analysts' expectations.
The EUR/USD rate benefited significantly when the European Central Bank indicated in February that a significant shift in its monetary policy may be in the pipeline, and potential differences with the Fed's policy process could eventually help the pair's recovery.
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SOL/USD created fresh short term lows on Saturday, as Solana has largely mirrored nervous sentiment being generated in the broad cryptocurrency marketplace.
ADA/USD has taken a turn for the worse regarding its value, as it has broken through long-term lows and is challenging values not seen in one year’s time.
The Brazilian real continues to show signs of strength against the greenback, as we have seen the USD/BRL pair reach towards the 5.12 level.
The US dollar rallied a bit on Friday as the 15 rand area continues to be a bit of a support level that has been tested multiple times.
The euro has drifted a little bit lower during the Friday session before heading into the weekend.
The West Texas Intermediate Crude Oil market has initially pulled back on Friday to test the $90 level, but have turned right back around to form a hammer.