On Monday, the British pound exhibited a drop against the US dollar as markets grapple with the prospect of a Federal Reserve adopting a more prolonged tightening stance.
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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In Monday's trading session, Bitcoin experienced a slight rally, although it remains within a consolidation range.
The BTC/USD pair remained at 42,500 as traders waited for the next important news.
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The EUR/USD plunged to a multi-week low as the US dollar index (DXY) rally gained steam.
The GBP/USD exchange rate continued plunging after a hawkish statement by Jerome Powell and strong US economic numbers.
Zone at $0.6520/8 looks likely to be today’s pivotal point.
Last week, gold price gains reached the resistance level of $2065 per ounce.
The performance of the USD/JPY pair last Friday completely changed its performance throughout the week.
The EUR/USD currency pair fell to its lowest level in 7 weeks.
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The strong performance of the GBP/USD pair last week moved them towards the resistance level of 1.2773.
The US dollar demonstrated a notable rally during Friday's trading session against the Japanese yen.
The Australian dollar faced a sell-off during Friday's trading session.
Natural gas markets exhibited relative stability during Friday's trading session, remaining within a broader consolidation range.
The NASDAQ 100 faced a significant decline during Friday's trading session.
The Euro experienced a significant decline during Friday's trading session.