As I look at the GBP/USD pair, the market continues to look very interesting to me, as we have bounced from the crucial 1.30 level.
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 USD/MXN has returned to its higher price range and the 20.00000 price is now within sight for financial institutions and day traders as nervous conditions shadow the currency pair.
In the past couple of days the USD/ZAR has traded slightly lower and is maintaining what can be argued to be a sideways trajectory as caution takes hold of Forex markets.
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The EUR/USD exchange rate slumped to its lowest point in over two months after the European Central Bank (ECB) slashed interest rates for the third time this year.
The AUD/USD pair held steady at 0.6700 on Monday morning as US and Australia government bond yields continued rising.
The GBP/USD pair stabilized after a series of mixed economic numbers from the UK and the United States.
Bitcoin price continued its strong uptrend, as investors reacted to several catalysts like ETF inflows, upcoming US general election, and the Federal Reserve.
Silver rocketed to the upside during the trading session on Friday as we continue to see a lot of bullish pressure in general.
The Australian dollar initially did try to rally a bit against the Japanese yen during the trading session on Friday, but it looks like we are just going to continue more of this sideways consolidation that we have been in for a while.
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The S&P 500 initially dipped slightly during the trading session on Friday, only to turn around and show signs of life.
The Parisian index rallied a bit during the course of the trading session on Friday after initially dipping below the 50-day EMA.
The New Zealand dollar has rallied a bit during the early hours on Friday as the market continues to see the 0.6050 level as a major support level.
USD/MXN builds momentum toward 20 MXN, while Dow Jones 30, GBP/USD, AUD/USD, WTI, and Gold markets show key shifts and potential breakout opportunities.
The US dollar initially has fallen a bit against the Swiss franc only to turn around and show signs of life again.
Looking at the New Zealand dollar, you can see that the 0.6050 level continues to be crucial as it is offering support.