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.
The Nasdaq 100 fell to open the week, as the risk appetite of traders was crushed by the headlines coming out of the Middle East.
The silver market has seen a lot of noisy trading on Monday, as the headlines continue to move markets, via the interest rate markets in the US and beyond.
The resilience in Bitcoin has been something I have been watching for a while, and I have to admit – it looks like the market simply doesn’t want to fall apart.
The US dollar initially tried to gain on the Loonie, but failed to hang onto gains, as the world continue to move on the latest headlines coming out of the Middle East.
The FX markets continue to see a lot of back and forth trading, and the EUR/GBP pair won’t be any different.
The US dollar has seen a lot of back-and-forth action on Monday, and the USD/JPY will have been no different. At this point, the pair continues to show a “buy on the dip” quality.
The US dollar continues to tread water against the ZAR on Monday, as traders are trying to weigh risk appetite.
Bitcoin (BTC) is flashing a rare “buy” signal in its weekly time frame, one that previously ignited a massive rally in price.
In early morning trading today the USD/MXN has seen increased velocity upwards and is sustaining prices near the 17.36200 vicinity with fast fluctuations being demonstrated.
As of this writing the USD/ZAR is around the 16.33800 ratio depending on the bids and asks, and as a wide spread is being seen in the currency pair, and as the broad Forex market remains jittery.
The GBP/USD exchange rate will be in the spotlight this week as the geopolitical tensions remain and the Office of National Statistics (ONS) releases key macro data. It was trading at 1.3520, a few points below last week's high of 1.3600.
The EUR/USD pair retreated slightly below the psychological level of 1.1800 as focus remained on the rising tensions between the US and Iran. If dropped to 1.1765, down sharply from this month's high of 1.1850.
The AUD/USD exchange rate pulled back on Monday morning, erasing some of the gains made on Friday when it soared to its highest level since June 2022 as geopolitical tensions eased. The pair was trading at 0.7167 a few points below the year-to-date high of 0.7225.
As rates drop, it looks like Bitcoin is ready to jump.
Given enough time, I think that the gold markets continue to follow bonds and rates.
