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 West Texas Intermediate Crude Oil and Brent Crude Oil markets are currently experiencing a period of consolidation and uncertainty.
During Monday's trading session, the GBP/JPY displayed a back-and-forth movement, indicating uncertainty as market participants assess the potential return of gravity to the picture.
During Monday's trading session, the AUD/USD experienced a slight retreat as market participants awaited a crucial test of the 0.68 level, previously a resistance area.
The GBP/USD pair retreated slightly on Monday as traders waited for a busy market week.
The EUR/USD pair retreated slightly ahead of the upcoming US building permit and housing starts numbers.
The BTC/USD pair was flat on Monday and Tuesday morning as the market assessed the recent news in the cryptocurrency industry.
My signal yesterday was not triggered as there was no bullish price action when the support level identified at $0.6836 was first reached.
By the end of last week's trading, the euro traded relatively stable against the dollar, after significant gains on Thursday.
Despite stopping the path of US interest rate hikes, the contrast is still strong between the policy of the soft Japanese central bank and the US Federal Reserve.
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The Turkish lira stabilized against the US dollar during the beginning of the weekly trading, as the Turkish currency maintained its levels below 24 against the dollar after it recorded a free fall for about a month.
At the end of last week's trading, the exchange rate of the pound against the dollar (GBPUSD) rose to the resistance level of 1.2848, the highest for the currency pair in more than 14 months.
The US Federal Reserve still abandoned the tightening policy temporarily, as it kept the US interest rate unchanged last week.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD went into the weekend near the 1.09410 level after producing a high on Friday near the 1.09725 ratio, before a slight reversal lower.
Speculators who want to look for reversals higher in the USD/MXN must acknowledge they would be betting against what has become a very strong bearish trend in the currency pair.
The USD/ZAR has powered lower as the currency pair, much to the astonishment of many, has correlated to the broad Forex market.