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 weakness of the US dollar after the Jackson Hole Symposium contributed to a strong upward rebound for gold.
The USD/JPY tried to settle above the 110.00 psychological resistance throughout last week's trading ahead of the Jackson Hole Symposium.
The GBP gained some momentum last week against the other major currencies, namely the dollar, the euro and the Japanese yen.
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The EUR/USD has been trying to correct upwards, ultimately jumping to the 1.1802 resistance level on Friday, a 2-week high, before closing trading around 1.1795.
The EUR/GBP remains within a rather consolidated trading range via a mid-term perspective, but slight bullish movement is beginning to show signs of life.
The NZD/USD has provided a firework display of volatility the past two weeks as technical trading has reacted swiftly with short-term sentiment concerns.
The USD/NOK has continued to trade near its short-term lows in early morning action and the Forex pair is hovering within sight of critical mid-term support.
XRP/USD outperformed expectations in August as it achieved a high of nearly 1.35000 on the 15th after trading near a low slightly below 70 cents when the month started.
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ETH/USD remains within the top tier of its mid-term range as it hovers below important resistance levels which attained a high on the 23rd of August.
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$47,715 is likely to be today’s pivotal point.
DOGE/USD will enter September with speculative questions abounding for speculators after achieving highs in the middle of August.
The EUR/USD popped on Friday after the relatively dovish statement from Jerome Powell, the Federal Reserve chairman.
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The AUD/USD price maintained the bullish trend in early trading after the statement by Jerome Powell on US monetary policy.
The DAX Index rallied a bit on Friday as we continue to see strength, but ultimately, we are simply trying to figure out whether or not we are going to finally launch.
Gold markets have been somewhat sideways during the month of August, but we did see a sudden selloff at the beginning of the month.