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
The USD/JPY has been strongly bullish, hovering above the 110.00 psychological resistance last week amid increased risk appetite for the US dollar.
The GBP/USD has been trying to compensate for its sharp losses that pushed it towards the 1.3411 support level, a 2021 low.
It was a sharp bearish trading week for the EUR/USD, which collapsed to the 1.1563 support level, a 14-month low, and closed trading around the 1.1592 level.
The USD/MXN continues to embrace a higher price range, even after reversing slightly lower after hitting mid-term highs before going into the weekend.
The USD/ZAR has delivered traders a rather impressive range the past handful of days reminding all speculators that volatility can deliver joy and pain.
Resistance is holding so far below $50k.
The DAX Index initially plunged on Friday after gapping lower.
The Parisian CAC Index fell a bit on Friday to test a minor uptrend line, only to turn around and rally quite significantly.
The West Texas Intermediate Crude Oil market initially pulled back on Friday but found support just below the $75 level to turn things back around.
Bonuses & Promotions
The S&P 500 initially fell on Friday but then turned around to show signs of life again.
The NASDAQ 100 initially broke down on Friday before turning around to form a bit of a hammer.
Gold markets went back and forth on Friday, showing signs of exhaustion after the massive bullish candlestick that we formed on Thursday.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The Australian dollar initially fell on Friday but then turned around to show signs of strength again in what has been a somewhat repeating pattern.
Bitcoin rallied significantly on Friday to show extreme strength again, as we find ourselves testing the $48,000 level.
The British pound initially fell a bit on Friday but then turned around to show signs of strength as interest rates in the United States started to fall again.