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
Bitcoin initially tried to rally during the trading session on Monday but found pressure at the 200-day EMA to turn things around.
The GBP/USD staged a strong recovery on Monday as Forex traders refocused on the upcoming Bank of England (BoE) interest rate decision.
The BTC/USD declined sharply on Monday as China intensified its crackdown on cryptocurrencies.
The US Central Bank's announcement this week brought the EUR/USD currency pair a sharp downward momentum that caused the currency pair's worst weekly performance since March 2020.
Amid a trend for a bearish weekly closing, the price of the GBP/USD currency pair moved towards the 1.3855 support level.
For the second day in a row, the price of the USD/JPY currency pair is exposed to profit-taking operations that pushed it towards the 109.96 support level
Gold futures continued their sharp losses as global financial markets continued to interact with the US Federal Reserve raising expectations of an increase in interest rates.
In 2021, the crypto market is seeing drastically higher demand for alternative digital assets, one reason being the boom in the decentralized finance (DeFi) sector.
The USD/TRY is testing high water marks as of this writing, and traders need to carefully consider their next speculative wagers.
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The NZD/USD has proven extremely volatile the past week of trading with a vicious bearish cycle taking hold.
The USD/ZAR has punched higher the past couple of days and short-term resistance levels have proven vulnerable.
Speculators who have been pursuing bearish technical sentiment have likely suffered the past week-and-a-half of trading as the USD/INR has moved higher.
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The US dollar rallied rather significantly during the trading session on Friday as we continue to see the US dollar strengthen against multiple currencies around the world.
The FTSE 100 gapped lower to kick off the trading session on Friday, as we have seen a significant breakdown in a lot of risk assets.