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 Japanese yen has appreciated to the vicinity of 145 yen against the US dollar, reaching its highest levels in about two weeks due to the weakening US dollar and increased expectations of monetary policy easing by the Federal Reserve.
Amidst an upward momentum, the EUR/USD pair rose above the resistance of $1.1080, reaching its highest level in nearly eight months, as expectations of US interest rate cuts by the Federal Reserve pressured the dollar.
At the start of this week, the GBP/USD currency pair jumped close to the psychological resistance of 1.3000, reaching its highest level in a month.
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As trading began this week, gold traded around and above the psychological resistance of $2,500 per ounce, hovering near its all-time highs, driven by strong demand for safe-haven assets as financial markets assessed the Federal Reserve's monetary policy expectations.
The currency pair is traversing value it last saw in the middle of July, and it should be noted the USD/BRL also traded within this realm in the middle of June.
The USD/SGD is trading near the 1.30845 level as of this writing, which is within sight of lower values not traded in a handful of years.
The British pound has rallied again during the trading session on Monday as it looks like we are threatening the 1.30 level.
The British pound has gone back and forth during the course of the trading session here on Monday as we continue to dance around the 190 yen level.
The CAC Quarante has shown itself to be bullish during the early hours on Monday, but then looks as if it is going to struggle with a 50 day EMA.
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The German index has rallied slightly during the trading session here on Monday, as it looks like we are trying to grind towards the 18,650 euro level.
The euro bounced a bit during the early hours on Monday as it looks like the 0.85 level is going to give a little bit of support, especially as the 50 day EMA sits just below all things being equal.
It’s easy to see that the USD/INR currency pair is paying close attention to the 84 Rupee level.
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Natural gas looks as if it is continuing to try to fight, perhaps finding enough support to turn things around and rally again.
The USD/JPY currency pair has clearly plunged over the last couple of trading sessions.
Dow Jones 30 has been very bullish in the last week or so.