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 Australian dollar initially rally during the trading session on Monday.
The Euro initially fell against the British pound, but you can see we have turned around to form a bit of a hammer early in the day.
Gold initially shot higher during the trading session on Monday, but then gave back quite a bit of gains.
The US dollar rallied rather significantly during the trading session on Monday, as the 50-Day EMA offered significant support.
The Nasdaq 100 has gapped higher to kick off the trading week and then shot to the upside.
The dollar has risen against the Japanese yen yet again during the Monday session, but that's not really a big surprise considering the interest rate differential.
The GBP/USD pair tumbled sharply after the US published strong manufacturing numbers on Monday.
The EUR/USD pair continued its strong bearish trend this week as traders reflected on the strong US manufacturing report.
Bitcoin joined American stocks in a deep dive on Monday as a risk-off sentiment prevailed in the market.
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Support at $0.6480 likely to be pivotal today.
With seven consecutive bullish months, Bitcoin has now consistently surged past the previous month's figures since September 2023.
USD/TRY stabilized during early trading on Monday morning with an upward bias.
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Sign up to get the latest market updates and free signals directly to your inbox.The strong upward trend of the USD/JPY currency pair remains supported by global central bank policies, with the pair stabilizing around the 151.43 resistance level at the time of writing the analysis.
The recent failure of the pound to hold its ground has seen the GBP/USD currency pair break below the 1.2600 support level.
As the second quarter of 2024 begins, gold prices have risen to a new record high, continuing the rally that has prompted the Federal Reserve to move closer to cutting interest rates and deepening geopolitical tensions.