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 Euro initially pulled back just a bit during the trading session on Friday. As we continue to see plenty of support underneath at the 1.07 level, I think we see so much in the way of support that it is going to be difficult to break down below here.
The S&P 500 initially pulled back just a bit during the early hours on Friday, only to turn around and show signs of life.
The past week of trading in the USD/MXN was violent and a high of nearly 20.80400 was traversed, and then the currency pair reverse lower, but buying the past day and a half shows cautious attitudes.
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The US dollar has rallied slightly during the early hours on Friday as it looks like we are hanging around the 0.8750 level.
The USD/ZAR has opened with tranquil trading this morning and has returned to a slightly higher one week middle ground via technical charts.
During my daily analysis of exotic currencies, I’ve been paying close attention to the US dollar against the Swedish krona, as we are doing everything we can to break out to the upside.
The gold market pulled back slightly during the trading session on Friday, and as I look around at the commodity markets, it does make a certain amount of sense that we have seen a lot of noisy behavior.
The Republican clean sweep of the US Presidency and Senate boosts the US Dollar strongly, sending this currency pair plummeting to a new multi-month low, although the price may be finding a bottom near $1.0700.
The Aussie dollar plummeted during the trading session on Friday, as we continue to see interest rates in America cause havoc in the markets.
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During my daily analysis of the European indices, the DAX 40 is showing signs of weakness.
During my daily analysis of currency pairs around the world, the British pound has caught my attention as it has pulled back against the Swiss franc.
As you can see, the US dollar has rallied rather significantly during the course of the trading session on Friday, and probably got a little bit of a boost due to the fact that the Canadian employment numbers were weaker than anticipated.
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Dear my daily analysis of global indices, the Nikkei 225 has caught my attention as we just ended up making a bit of a “double top” near the ¥40,000 level.
The BTC/USD pair continued surging, reaching its all-time high, as investors cheered the recent Trump election and Federal Reserve interest rate cut.
The GBP/USD exchange rate remained under pressure after the Bank of England (BoE) and the Federal Reserve slashed interest rates 0.25%.