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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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The Euro initially fell on Monday, reaching down below the 1.16 level. The British pound exploded to the upside during the day on Monday, clearing the top of the shooting star that had formed on Friday.
The US dollar initially rallied on Monday, breaking above the vital 114.50 level.
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The S&P 500 initially fell during the trading session on Monday, but found enough support just above the 2575 handle to turn around and continue to rally.
The WTI Crude Oil market gapped higher at the open on Monday, and then broke above the $57 level.
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Gold prices ended Monday’s session up 1.21%, supported by short covering in response to geopolitical concerns.
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The EUR/USD pair tried to rally initially during the Friday session, testing the 1.17 level again.
The S&P 500 fell initially during the trading session on Friday, reaching down towards the 2575 level, and finding support.