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 British pound drifted just a little bit lower during the trading session on Monday as we continue to see the US dollar flex its muscles.
The GBP/USD pair retreated after the strong American vacancies data and as US bond yields rose.
The EUR/USD pair remained under pressure during the Asian session as investors refocus on the upcoming German sentiment and US inflation data.
The BTC/USD price soared to the highest level since May as sentiment in the industry improved.
The AUD/USD pair tilted lower as the number of COVID cases in Australia kept rising and as US Senate moved closer to passing the $1 trillion infrastructure bill.
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The USD/BRL is traversing near short- and mid-term highs which speculators may find enticing for wagers within the Forex pair.
Speculators in the USD/ZAR have been delivered a strong dose of volatility the past handful of days as reversals higher produced fireworks.
The USD/INR continues to incrementally produce short-term bearish momentum and traversed to a low of nearly 74.0300 before the weekend.
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ETH/USD screamed to short-term highs in early trading yesterday as a weekend rally became pronounced.
Friday saw the worst trading session for gold in nearly two months, as the price fell from the $1805 resistance to the $1759 support, before closing at $1764.
The USD/JPY has been recovering strongly, most recently reaching the 110.35 resistance level.
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Sign up to get the latest market updates and free signals directly to your inbox.The strength of the US dollar from the latest US job numbers was offset by the announcement of a decline in British infections.
The EUR/USD fell to the 1.1755 support level on Friday, its lowest in nearly three weeks, and closed the week’s trading around the 1.1760 level.
The British pound continued to see a lot of choppy back-and-forth trading on Friday as the US dollar strengthened against most currencies.