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
The euro initially tried to rally during the trading session on Friday but gave back early gains to show signs of weakness again.
The British pound initially tried to rally during the trading session on Friday but continues to struggle at the 1.40 handle.
The gold markets got crushed during the Friday session as we have taken back almost all of the gains from Thursday.
Top Forex Brokers
The Australian dollar fell a bit during the trading session on Friday as we continue to hear a lot of noise in this general vicinity.
The Bitcoin markets fell a bit during the trading session on Friday, partially helped by the Deribit $21 billion worth of options expiring.
The AUD/USD pair retreated on Monday morning as the number of COVID cases in Australia continued rising.
The EUR/USD price retreated slightly as the COVID-19 situation in the US continued to worsen.
Today’s pivotal point is likely at $40,625.
The price is more bullish above 1.4010.
Bonuses & Promotions
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 2, 2021.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 2, 2021 here.
The USD/ZAR has experienced a tumultuous two weeks of trading as August is set to begin, as reactions to unrest in South Africa’s communities remains nervous.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
Difficult July Potentially Leads to Better August
Bitcoin traders should expect another month of surprises.
The S&P 500 was very noisy during the course of the month on July, and I suspect that August probably will not be any better.