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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Last week, the positive performance of the USD/JPY currency pair and the rebound gains reached the resistance level of 109.85 before closing trading stable around the 109.68 level.
Profit taking selling operations contributed to the decline in the price of the GBP/USD currency pair.
The USD/CAD has moved higher since late Friday and is touching one-month highs as nervous trading hovers over global Forex.
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The USD/ZAR has experienced a reversal higher as nervous sentiment shadows the global Forex markets.
The USD/INR has become rather choppy and traded higher as Forex has become stormy while the US Federal Reserve’s shadow grows.
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After testing important support this weekend, ETH/USD has again managed to produce a slight move higher and bearish speculators should be intrigued.
The price has room to rise beyond $42k without hitting key resistance.
The euro initially tried to rally during the trading session on Friday but found that the 1.22 handle would be a bit difficult to get above, and as a result, we have pulled back rather drastically to fall all the way down to the 1.21 handle.
The market is likely to see a lot of push and pull as we continue to look at the consolidation area as the short-term market.
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Bitcoin markets did very little during the trading session on Friday, as the market headed into the weekend and lower liquidity.
It is obvious that the market is trying to show its strength by hanging about near the all-time highs.
The NASDAQ 100 did very little during trading on Friday, but that is probably not a huge surprise as traders headed into the weekend and thinking about summer holiday more than putting money to work.
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The price is sitting heavy near 1.4100 level.
The DAX market rallied significantly during the trading session on Friday to end the week at the very top of the range, closing just above the 15,700 level.
The West Texas Intermediate Crude Oil market rallied again during the day on Friday as traders were very comfortable hanging onto crude oil heading into the weekend, and even closed towards the top of the range.