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.
The Pound was unable to withstand the strength of the US dollar, especially as the Bank of England abandoned the idea of a near rate hike and two members voted to cut rates rather than expectations of financial markets to raise them.
Even as doubts about the prospects of a formal trade deal between the United States and China return after President Donald Trump said he did not agree to cut tariffs
The strength of the US dollar and risk appetite pushed the USD/JPY pair to the 109.47 resistance, its highest level in five months, and closed last week's trading around 109.22, near recent highs.
An extended sell-off in the USD/SGD was bound to enter a brief reversal on the back of a short-covering rally.
Economic data out of Japan came in weaker than expected as machine orders posted an unexpected monthly contraction, but the Japanese Yen extended its advance
An IMF warning in regards to the European economy, echoed by ECB concerns about the lack of fiscal spending and the European Commission downgrade to the Eurozone economy,
USDCHF Analysis: Bullish breakout above 0.9943
NASDAQ 100 has gone back and forth during the trading session on Friday as we continue to see a lot of noise in this area.
The S&P 500 has found quite a bit of choppiness during the trading session on Friday, as we are getting close to the 3100 level.
