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.
Most Recent
The gold futures market began with an initial attempt to break above the $2000 mark, only to reverse direction and demonstrate negative tendencies.
One of the unique aspects of the Non-Farm Payroll announcement day is its inevitable interpretation variability by traders.
The price remains within a wide descending price channel, although it is lower, so is not close to either trend line.
West Texas Intermediate (WTI) crude oil exhibited a significant rally during the Friday trading session, inching closer to the significant $72 level.
The GBP/USD displayed a strong rally, reaching the 1.2550 level during Friday's trading session, following the release of the US jobs data, which surpassed expectations by nearly threefold.
The EUR/USD experienced significant volatility on Friday, driven by the release of the Non-Farm Payroll figure, which exceeded expectations by nearly double.
The GBP/USD pair suffered a harsh reversal on Friday as it erased some of the gains made last week.
The AUD/USD strong comeback was halted last week by the mixed US non-farm payrolls (NFP) data.
The EUR/USD price retreated slightly after a series of mixed economic data from Europe and the United States.
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The EUR/USD remains within the lowest realms of its one-month price range.
The GBP/USD went into this weekend near the 1.24470 ratios; the result higher for the entire week upon inspection is a solid result for the currency pair.
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The West Texas Intermediate Crude Oil market and its counterpart, Brent, faced another day of uncertainty as they attempted to rally but succumbed to weakness.