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 AUD/USD made an initial attempt to rally during Monday's trading session but encountered significant resistance near the 0.66 level.
Yet short-term support at $1.0985.
The US dollar continues to hold appeal for buyers, thanks to the Bank of Japan's ultra-loose monetary policy, ensuring lucrative returns.
The silver market experienced a rollercoaster ride during Monday's trading session, displaying initial declines before bouncing back with a surge in bullish pressure.
In Monday's trading session, the GBP/JPY displayed a slight rally, with the crucial support level at ¥180 providing a significant buffer.
Throughout Monday's trading session, the British pound showcased a back-and-forth movement, persistently hovering around the 50-Day Exponential Moving Average.
In the world of financial trading, two significant players are grabbing the spotlight as they strive to break through formidable resistance barriers.
The GBP/USD pair moved sideways as a risk-off sentiment spread in the financial market following last week’s downgrade of the US economy.
The BTC/USD pair was flat on Tuesday even as American equities bounced back. Bitcoin was trading at $29,000, a few points above last week’s low of $28,780.
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The AUD/USD pair was unchanged as the US dollar index moved sideways and as a risk-on sentiment remained.
By the end of last week's trading, the GBP/USD exchange rate rebounded to the 1.2792 resistance level, recovering from strong selling operations that pushed it towards the 1.2620 support level in the same week, its lowest in five weeks.
By the end of last week's trading, gold futures recorded tepid gains, recording a modest weekly increase.
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Sign up to get the latest market updates and free signals directly to your inbox.In the last two trading sessions of last week, the price of the USD/JPY currency pair was subjected to selling operations that pushed it toward the support level at 141.55, based on the resistance level of 143.88.
At the end of last week's trading, the price of the EUR/USD tried to compensate for some of its sharp losses, which pushed it toward the support level of 1.0912.
The USD/MXN went from testing long-term lows early last week to suddenly finding volatile trading conditions upwards and challenging upper-tier resistance.