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 bearish trend of the USD/MXN has remained strong and after touching low water values on Thursday near the 17.53650 mark, the currency pair remains within shouting distance of this depth as it currently trades around 17.57300 in early trading this Monday.
EUR/USD rose in the middle of the week's trading after official figures revealed another low mark in the annual measure of price growth but also a more meaningful glimpse of the Fed's victory in its efforts to contain the inflation demon.
By the end of last week's trading, the pound sterling declined against the rest of the other major currencies, due to the disappointing economic data.
Silver Market Shows Signs of Support Amidst Volatility
The recent recovery of the US dollar stopped the course of the rise of the XAU/USD gold price. This affected the resistance level of $2063 an ounce.
The natural gas market has recently witnessed lackluster trading sessions characterized by minimal price movements.
Since the middle of last week’s trading, the price of the US dollar currency pair against the Japanese yen, USD/JPY, is in an upward rebound path.
The EUR/USD made an initial attempt to rally during Friday's trading session but quickly relinquished its gains.
Challenges and Uncertainty in WTI Crude Oil and Brent Markets
The AUD/USD experienced a decline during Friday's trading session, extending the sell-off that commenced on Thursday.
The S&P 500 encountered initial attempts to rally during Friday's trading session, mirroring the prevailing global volatility.
The gold market has experienced a slight decline in recent trading sessions, with prices reaching the $2000 level.
The USD/JPY demonstrated a modest rebound during Friday's trading session, building upon the recovery witnessed on Thursday.
The GBP/USD exhibited slight positivity during Friday's trading session, attempting to stabilize following a significant sell-off the previous day.
The GBP/JPY demonstrated a rally during Friday's trading session, finding support around the ¥168 level, like what was observed on Thursday.
