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 West Texas Intermediate Crude Oil market initially tried to rally on Monday but found the area above the $85 level to be a bit too much.
The British pound broke down significantly on Monday as we have sliced through the 1.35 handle and completely wiped out the idea of a trend line break.
The euro sold off rather significantly on Monday but also bounced a bit to form a hammer.
The GBP/USD price sell-off accelerated after the relatively weak UK and US manufacturing and services PMI data.
The EUR/USD pair moved slightly below an important support level on Monday as investors reflected on the latest economic data and rising tensions between Russia and western countries.
The BTC/USD pair continued the downward trend in the evening session as investors continue to worry about the hawkish Federal Reserve and the rising regulatory issues.
USD/JPY price did not do much by testing the psychological resistance 115.00 at the beginning of last week’s trading, as the Japanese yen returned to reap the gains.
Amid inflation concerns and a drop in cryptocurrency prices, the price of gold rebounded, posting the biggest rise in three months to its best level since November.
Despite the recent sell-offs that the GBP/USD currency pair was exposed to last week, the factors of the pound’s strength in the forex market still exist.
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During last week's trading, the price of the EUR/USD currency pair was exposed to selling operations that are considered profit taking
SOL/USD is trading at an important long-term low as of this morning as it suddenly finds its price near values seen in August of 2021.
XRP/USD has struggled the past week, and over the weekend touched dangerous lows, so speculators now have to consider risk reward scenarios.
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Sign up to get the latest market updates and free signals directly to your inbox.The Bitcoin price is bearish below $36,656.
Ethereum has broken major support in the form of the $30,000 level, as Bitcoin got crushed as well.
Polkadot broke lower on Friday as we continue to see anything risk related get absolutely hammered.