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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GBP/USD rose during most of last week's trading, but its recovery stalled on Friday.
In light of the USD/JPY currency pair being greatly affected by the monetary policy divergence between the Japanese Central Bank, which adopts an easing policy
Since the start of this week's trading, the XAU/USD gold price has attempted to rebound to the upside with gains that reached the $1965 resistance level.
The trading session on Monday saw silver experiencing a slight decline, setting off the week on an unfavorable note.
In Monday's trading session, natural gas markets displayed a modest rally, indicating an attempt to establish a support level within the overall range.
During a turbulent trading session on Monday, gold experienced a temporary dip, only to witness the return of buyers just above the $1960 level once again.
The EUR/USD experienced a slight drift lower during Monday's trading session, with its proximity to the 200-Day EMA capturing the attention of market participants.
During Monday's trading session, the GBP/USD experienced a sharp decline, leading to a selloff from the 1.2550 resistance level once again.
The TRY/USD opened the weekly trading with more losses.
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Starting with WTI Crude Oil, the market witnessed an upside gap on Monday following OPEC's decision to cut over 1 million barrels per day.
Traders should remain cognizant of the pair's inherent choppiness and exercise proper position sizing.
During Monday's trading session, the GBP/JPY experienced a slight decline, possibly due to concerns regarding the rapid approach toward the ¥175 level.
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The AUD/USD faced initial downward pressure in Monday's trading session, reflecting global concerns surrounding global economic growth.
The GBP/USD pair remained in a tight range amid a light economic calendar and news week.