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 dollar-Turkish lira pair rose at the beginning of this week, following a slight increase in the Turkish lira at the end of last week.
At the end of last week's trading, the GBP/USD price tried to rebound higher, but its gains did not exceed the 1.2877 level and closed the week's trading stable around the 1.2863 level.
This week, the USD/JPY will experience significant volatility due to the policy announcements from both the US Federal Reserve and the Bank of Japan.
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Traders who were convinced the incremental higher price action in the USD/MXN exchange rate was temporary when it happened a week and a half ago were rudely treated to more buying action in the currency pair last week.
The currency pair sustained its bearish momentum into Friday and remained within lower price realms going into the weekend.
During last week's trading, the bears tried hard to push the EUR/USD price below the support level of 1.0800 to further confirm the strength of the downtrend.
By the end of last week's trading, the price of gold rose to $2,390 per ounce before closing at $2,388 per ounce.
The Swiss franc has pulled back just a little bit at the end of the day against the Japanese yen but really at this point in time you have a market that looks like it's trying to stabilize.
The British pound has rallied a bit during the early hours on Friday as it looks like the 1.2850 level is going to continue to offer market memory.
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The US dollar saw a little bit of trouble against the Canadian dollar during trading on Friday, as there is a lot of noise just above the crucial 1.38 level.
The US dollar plunged against the Norwegian krone during the trading session on Friday to reach down to the 10.83 level before turning around and ripping to the upside and hanging about the 11 level.
Bitcoin had an explosive move to the upside during the trading session on Friday.
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Bitcoin has risen firmly to trade at a new 6-week high, with the all-time high just below $74,000 coming into view.
The GBP/USD pair will be in the spotlight this week as the Federal Reserve and the Bank of England (BoE) deliver their interest rate decisions.
The EUR/USD exchange rate has crawled back in the past two trading days as the path of a Federal Reserve interest rate cut became clearer.