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 US dollar initially tried to rally against the Canadian dollar, but just as it did on Friday, the market saw quite a few sellers come back into the market and push it lower.
The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Monday but turned around to show signs of strength yet again.
The GBP/USD price bounced back on Monday after it declined by more than 1.2% on Friday.
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The BTC/USD price retreated overnight as focus remained on the fast-rising Ethereum.
Gold’s weak attempts to rebound higher during last week's trading did not exceed the $1790 resistance level, and last Thursday's session was disastrous.
British pound pairs may face instability during the trading session this week, pending the announcement of the monetary policy decisions of the Bank of England.
The bulls dominated the performance of the USD/JPY to some extent, with gains that pushed the pair to the 109.34 resistance level, where it closed the week’s trading.
By the end of last week's trading, the EUR/USD pair plunged to the support level of 1.2016, and its upward correction gains pushed the pair to the resistance level of 1.2150, a 2-month high.
The USD/CAD has seen another surge of bearish momentum take the Forex pair within sight of important long-term support.
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The USD/BRL fell to three-month lows on Thursday and Friday before experiencing a reversal higher.
The USD/ZAR has traded higher this morning, but this has occurred after the Forex pair tested lower targets before going into the weekend.
The USD/INR traded below important support levels late last week showing that bearish sentiment remains potent, but nervous trading conditions remain.
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Bitcoin is price building for another attempt at record highs.
The West Texas Intermediate Crude Oil market fell rather hard during the trading session on Friday, showing signs of exhaustion at the $65 level.
The CAC Index fell a bit during the trading session on Friday, after forming a shooting star from the Thursday session.