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 bears' control over the future of the GBP/USD exchange rate continues.
The West Texas Intermediate Crude Oil market rallied a bit on Friday, and of course was closed on Monday, at least in the futures market.
For three consecutive trading sessions, the USD/JPY exchange rate has moved in a downward retracement path, with losses.
The S&P 500 was closed on Monday, but as we have seen over the last couple of weeks, we have been hanging around in a consolidation area between the 3800 level underneath, and the 3850 level a bomb.
The BTC/USD price tilted upwards in the first few days of the year amid rising optimism in the crypto industry.
At the beginning of trading in the new year 2023, the price of an ounce of gold, XAU/USD, remained on its upward path.
The NASDAQ 100 of course was closed during the trading session on Monday, but as we start to look towards the market reopening, the volume will pick up and traders will start to have to make some decisions.
Gold markets have been somewhat positive in the then the Monday trading session, as spot gold traded higher.
The DAX was very quiet during the last couple of weeks, and of course, Monday will be no different.
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The USD/CHF has fallen slightly during the trading session on Monday but continues to find support near the 0.92 level.
The USD/JPY drifted a little bit lower during the trading session on Monday, to reach the lows of that massive candlestick from the Bank of Japan surprise.
The GBP/USD has drifted a little bit lower during the trading session on Monday, as we still wait for a lot of liquidity and volume to come back into the market.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD has pulled back a bit during the trading session on Monday, but it is probably worth noting that the market is going to continue to see a lot of noisy behavior.
The AUD/USD has done very little during trading on Monday, which is not a huge surprise considering how many banks were closed.
My previous signal on 27th December was not triggered as there was a small bullish bounce at the support level which I had identified at $0.6732, but it was not enough to trigger a long trade entry.