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 GBP/USD generated some buying power this past week, after touching a low of nearly 1.21770 on Monday the currency pair began to incrementally climb higher.
EUR/USD targets 1.05, USD/CAD dips but remains strong, and NASDAQ pushes higher. Focus on key levels like ¥155 for USD/JPY and €21,000 for DAX for potential trade opportunities.
Coffee Arabica went into this weekend near 347.75 USD, prior to the close the price of the commodity traversed record highs and showed an ability to climb over the 350.00 level.
WTI Crude Oil saw its price turn lower last week, this as President Trump was sworn into office and frigid weather hit the U.S, showing speculators likely knew upside momentum had run out of power.
The US dollar continues to go back and forth against the rupee near the 86.60 level as the market consolidates after a huge run higher.
The US dollar rallied a bit during the trading session here on Thursday, as it looks like the 0.91 level is being targeted.
The Nifty 50 rallied slightly during the trading session on Thursday, but we still find ourselves hanging around the 23,000 rupee level.
The euro drifted a little bit lower during the trading session on Thursday as we continue to hang around the 0.8450 level.
The DAX rallied quite significantly on Thursday and as we continue to stretch higher, we are now well above the 21,000 euro level and probably overbought at this point.
The US dollar climb a bit against the Canadian dollar in early trading, as Canadian rates have dropped a bit, and of course we still have a complete mess in Ottawa.
The British pound has stalled a bit and as I look at the chart, the 1.2350 level is an area that I think a lot of people will be paying close attention to.
In the early hours on Thursday, the euro did very little, as we continued to hang around the 1.04 level.
The US dollar had initially tried to rally during the trading session on Thursday but gave back gains showing signs of hesitation.
During the Thursday session, we have seen the US dollar rally against the Philippine peso, as the market continues to try to get to the 59 PHP level.
The Turkish Lira pair against the dollar stabilized in trading near its all-time low in early trading on Thursday morning. The pair's trading stabilized
