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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WTI Crude Oil (US Oil) and Brent, two major oil benchmarks, have experienced limited activity recently with WTI facing a downturn and Brent looking likely to fill the gap underneath.
The GBP/JPY has been making waves in the forex market as it reaches the ¥167 level, an area that has previously been difficult to break.
EUR/USD ran aground after a one-month rally and may now consolidate its recent gains this week, but with potential buyers already lining up the decline.
The GBP/USD exchange rate has retreated rapidly from its eleven-month highs before last weekend but could fall further this week if the pending deluge of UK economic data calls into question some common assumptions about the interest rate outlook.
For three consecutive trading sessions, the price of the USD/JPY currency pair has been moving in the midst of a rebound to the upside.
I have often mentioned the possibility of profit-taking selling of the XAU/USD (gold) price after its recent strong gains on the impact of the weakness of the US dollar, reaching the resistance level of $2048 an ounce.
The USD/MXN has turned lower in the past handful of hours; this comes on the heels of a reversal higher yesterday which correlated to the broad Forex market.
The USD/ZAR moved higher yesterday, this after the currency pair was near lows late last week while trading slightly above the 18.00000 level from late Thursday until early Monday.
The USD/JPY has managed to gain a bit of momentum during Monday’s trading session, particularly against the Japanese yen.
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The GBP/JPY pair has been trading in a tight range lately, with a lot of back-and-forth movement.
The silver market showed very little movement on Monday, after a drastic sell-off on Friday.
The GBP/USD has been displaying some interesting behavior during the Monday trading session.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD pair dropped sharply on Monday and Tuesday morning as the US dollar index continued rising.
Bitcoin has lost momentum as investors reflect on the hawkish statement by Fed’s Christopher Waller on the next actions.
The AUD/USD pair remained under pressure on Tuesday after the latest China GDP numbers and the Reserve Bank of Australia (RBA).