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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Before the release of the German ZEW index results, the EUR/JPY pair is establishing bullishly on the resistance at 126.67, and for sessions tried to break above 126.78, on the confirmation by the two negotiating parties in resolving the fierce trade dispute between the US and China on the near final agreement to end the strongest trade war that threatens the future of global economic growth as a whole.
For the second day in a row, the USD/CAD pair is turning up to the resistance level at 1.3402 at the time of writing, after a recent bearish correction that pushed the pair towards the support level of 1.3296, as the recent global oil price rebound boosted the gains of the Canadian dollar.
More risk appetite translates into losses for yellow metal, one of the most important safe havens, which is happening now as gold prices fell to 1284 dollars an ounce at the time of writing.
Before the UK payroll and job numbers are announced, the GBP/JPY stands at 146.72 at the time of writing.
For three consecutive trading sessions, the USD/JPY pair is attempting to stabilize above the resistance level at 112.00.
The Euro rallied a bit during the trading session on Monday initially, but then turned around to form a bit of a shooting star out the 1.13 level and has offered enough resistance to turn the market around.
The S&P 500 fell a bit during the trading session on Monday as traders came back to work, but at this point we are still very much in a bullish trend
Gold markets fell immediately during trading on Monday, reaching down to the vital $1285 level.
Bitcoin markets initially rallied during the day on Monday but found quite a bit of resistance just above.
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The WTI Crude Oil market initially fell during trading on Monday as traders came back to work.
The US dollar went back and forth against the Japanese yen in a relatively quiet trading on Monday.
Over the course of last week, the FX market was interested in announcing the date for postponing Britain's exit from the European Union (EU).
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Sign up to get the latest market updates and free signals directly to your inbox.At the beginning of this week's trading and for the second straight trading session, the USD/JPY gains have settled around the 112.00 resistance level, the highest level since more than a month as investors took risks and abandoned safe haven positions.
More risk appetite translates into losses for yellow metal, one of the most important safe havens, which is happening now as gold prices fell to $1287 an ounce at the time of writing.
Expectations are for quiet moves today under an empty economic calendar.