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
Bitcoin price made a strong bullish breakout on Monday.
Bitcoin keeps rising as traders totally disregard gravity. At this point, the Wall Street inflows are driving the market much higher, so you have to view it through the lens of a mania.
The AUD/USD pair has pulled back as traders wait for the upcoming US inflation report.
We are still seeing some hesitation in this pair, and early in Monday's trading session, the Euro saw the formation of a slightly negative candlestick.
USD/TRY pair maintained its gains during early trading this morning, with the pair trading at its all-time high of 32 liras per dollar.
The EUR/USD currency pair opened this week's trading stable around the 1.0935 level, as it was at the closing price of last week.
At the end of last week's trading sessions, the price of gold rose to a new record level, approaching $2200 per ounce, after the recent US jobs report bolstered the view that US interest rate cuts could occur in June.
The pound hit a seven-month high against the dollar on US wage slowdown, as the US dollar was sold off at the end of last week.
The USD/JPY currency pair had a bearish trading week, with losses extending to the 146.48 support level.
Bonuses & Promotions
The USD/RUB continues to display signs of behaving in a healthy fashion.
The crude oil markets are still seeing strong support, as buyers always jump back in when we pull back.
Narrow Range, CPI Data Impact Looms.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Over the past few days, the natural gas markets have somewhat retreated; however, on Friday morning, the market appeared to have slightly stabilized.
Throughout Friday's trading session, the US dollar declined slightly as the jobs report was slightly below expectations.
As traders continue to bet heavily on global central bank easing, silver prices remain extremely bullish.