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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I can see that silver is still widely supported overall.
The GBP/USD pair’s rally gained steam this week ahead of important statements by Bank of England (BoE) and Federal Reserve officials at the Jackson Hole Symposium.
The EUR/USD exchange rate continued its strong bull run this week and reached a high of 1.1077 as more Fed officials expressed optimism of cuts.
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Bitcoin price continued to underperform other assets like stocks as the recent consolidation accelerated.
The AUD/USD pair surge continued in the overnight session as it crossed the key resistance point at 0.6713, its highest swing on May 16th.
The Turkish Lira declined against the US dollar during the beginning of the week's trading.
The GBP/USD exchange rate climbed to new highs during last week's trading, overcoming several key levels along the way, refocusing on the longer-term recovery trend on the charts.
During last week's trading, the USD/JPY currency pair attempted to rally but its gains did not exceed the resistance level of 149.38 before closing the week around the 147.60 level.
At the end of last week’s trading, the price of gold hit a new record high. The yellow metal was in a state of euphoria and settled above the historical psychological resistance of $2,500 per ounce to trade at an all-time high, supported by geopolitical tensions, global central bank demand, a weaker US dollar, and lower Treasury yields.
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The USD/MXN early last week fought off reversals higher which pushed the currency pair back above the 19.00000 level.
The South African Rand has produced a robust bearish trajectory via the USD/ZAR pairing.
n the last trading session of last week, the EUR/USD currency pair rebounded strongly with gains extending to the resistance level of 1.1029, its highest in seven months, recovering from Thursday's losses which reached 1.0949.
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The US dollar has fallen a bit during the trading session on Friday as we continue to see a lot of volatility in the Forex markets overall, the US dollar and the Swiss Franc, both are considered to be safety currency.
The Nikkei 225 initially tried to take off to the upside during the early hours on Friday, but it looks like the 37,750 yen level is going to continue to cause a significant amount of resistance.
The euro has fallen rather significantly during the trading session on Friday to plunge towards the 1.82 New Zealand dollar level.