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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At the end of last week’s trading, the GBP/USD currency pair was subjected to bearish pressure that pushed it towards the support level 1.2366
Last week's trading was in general dominated by the bulls over the performance of the USD/JPY currency pair, with gains that reached the resistance level 135.13.
Throughout the last week's trading, the price of an ounce of gold, XAU/USD, was exposed to profit-taking sales.
The S&P 500 index experienced a decline during Friday’s trading session, as the market has been struggling to break out of the technical resistance level of 4200.
The GBP/USD broke lower during Friday's trading session, dropping below the 1.24 level.
Natural gas markets started pricing in the month of June with a new contract.
The West Texas Intermediate (WTI) Crude Oil market has shown some signs of a potential bullish stance on Friday, bouncing from the 50-Day EMA and closing the gap.
The UK economy is going through a rough patch as inflation remains stubbornly high.
The BTC/USD pair has been under pressure in the past few weeks as the recent rally faded.
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The Australian dollar has edged sideways in the past few weeks as traders focus on the next actions of the Federal Reserve and the Reserve Bank of Australia (RBA).
In my previous analysis of the EUR/USD currency pair, I wrote that the current price action was not bullish, but that it was probably worth respecting the long-term bullish trend die to the typical reliability of such trends in this currency pair.
Silver experienced a sell-off on Friday, reaching down toward the $25 level, an area that has been sliced through a couple of times already.
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Gold markets experienced a significant decline during Friday's trading session, breaking below the $2000 level and testing support just below.
The EUR/USD experienced some volatility during Friday's trading session, pulling back before ultimately showing signs of life.