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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During the trading session on Friday, my daily analysis of the USD/JPY pair continues to look very messy, just due to the fact that we cannot seem to overcome the 200 Day EMA.
WTI crude oil nears $67 support, with potential to test $65 or rebound to $72.50, as traders navigate a three-year range-bound market.
During my daily analysis of the silver market, the first thing that I have noticed that is going on in the market is that every time we dip.
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The New Zealand dollar edges toward 0.58, facing pressure from USD strength and sluggish economic performance in Asia, raising the risk of a drop to 0.55.
During my daily analysis of the gold market, the first thing that has caught my attention is that despite the fact that the gold market plunged overnight.
During my daily analysis of Bitcoin, the most obvious thing to pay attention to is the fact that Thursday was like a wild goose chase.
During my daily analysis of major currency pairs, the AUD/USD pair stands out, because quite frankly it looks so pathetic.
The USD/ZAR has produced a tranquil price range the past handful of days while also producing an incremental move lower with a healthy correlation to the broad Forex market.
The AUD/USD exchange rate plunged to its lowest level in almost three months as concerns about the global economy continued.
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Bitcoin price held steady around the $100k level as technicals pointed to more gains in the coming weeks.
The GBP/USD exchange rate wavered on Monday morning as traders reacted to last Friday’s US jobs numbers, which showed substantial improvements.
Weekly forecast highlights Nikkei 225's breakout potential, S&P 500 resilience, GBP/USD targeting 1.30, Gold's recovery, and bearish outlooks for AUD/USD and NZD/USD.
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The GBP/USD closed last week having made gains and early trading in the coming days will be watched intently to see if values can be sustained above the 1.27000 level.
The price of WTI Crude Oil fell below 67.000 USD on Friday and remained below the value level going into the weekend, this as speculative buying is finding it hard to create upwards momentum.
Markets were dominated by bullishness in US stocks last week, and Bitcoin’s breakout above the key psychological level at $100,000.