Throughout the last week's trading, the EUR/USD currency pair was performing amid an upward correction momentum with gains that affected the resistance level 1.1909.
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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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An important date awaits the sterling pairs this week as the Bank of England will announce an update on its monetary policy decisions.
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During last week's trading, the price of gold benefited a lot from the decline of the US dollar, the decline in US Treasury bond yields, and the halting of the rise in inflation rates.
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In the last two trading sessions of last week, the price of the USD/JPY currency pair remained stable below the psychological resistance level of 110.00.
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SafeMoon/USD is another ‘new’ cryptocurrency coin which began trading in March and has enjoyed speculative results.
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Hex coin has continued to lose buying momentum in the past week as the likely effects from a famous influencer diminishes short term.
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SHIB/USD traded at highs yesterday not seen since the 26th of July, but a reversal lower in early trading today has the Shiba coin barking within its lower range again.
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Yesterday’s spike upwards by ETH/USD has been followed by rather stark reversals and traders should prepare for more volatility.
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The DAX Index fluctuated during the trading session on Friday as it headed into the weekend.
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The West Texas Intermediate Crude Oil market continued to show signs of strength during the trading session on Friday as it tried to break towards the $75 level.
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The US dollar bounced a bit during the trading session on Friday as we reached towards the 50-day EMA and the previous trendline that had been so important.
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The S&P 500 has been choppy during the trading session on Friday as we try to figure out where to go next.
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The NASDAQ 100 initially sold off during the trading session on Friday but recovered again at the uptrend line as we continue to see plenty of buyers jump into this market.
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The euro initially tried to rally during the trading session on Friday but gave back early gains to show signs of weakness again.
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The British pound initially tried to rally during the trading session on Friday but continues to struggle at the 1.40 handle.
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