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.
Most Recent
In its best week since November 2020, the USD/JPY moved towards the 108.65 resistance level before closing last week’s trading around 108.37, and close to testing the psychological resistance of 110.00.
The Australian dollar got hammered after the jobs number came out and did start selling off before the jobs in the air even came out.
The EUR/USD pair collapsed to the 1.1893 support level last week, its lowest in nearly four months, before closing the week's trading around 1.1912.
Top Forex Brokers
The British pound has initially fallen during the trading session on Friday to reach down towards the uptrend line in the massive channel that we have been in.
The West Texas Intermediate Crude Oil market has rallied significantly yet again during the trading session on Friday to break out above the $65 level.
Gold markets have gone back and forth during the course of the trading session on Friday, as we are hanging around the $1700 level.
The FTSE 100 initially gapped lower to kick off the trading session and test the bottom of the hammer from the previous session on Friday.
The DAX index initially gapped lower to kick off the trading session on Friday, but as turned around to show signs of strength and managed to break above the 14,000 level.
Bitcoin markets initially pulled back during the trading session on Friday to test the support that we had established a couple of days ago.
Bonuses & Promotions
The S&P 500 initially fell during the trading session on Monday, but after the stronger-than-anticipated jobs number, the market rallied enough to go looking towards the 50-day EMA and even broke above it.
DOGE/USD experienced a strong move higher late last night and early today as it likely benefited from a positive wave of sentiment being generated in the broad cryptocurrencies
The NASDAQ 100 fell a bit during the trading session to reach down towards the $12,250 level, only to turn around and form a hammer as the market had an extraordinarily big turnaround.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The USD/SGD’s long term bearish momentum appears to be is serious jeopardy today as buying momentum has arisen and resistance levels have been decimated.
Since the start of March ETH/USD has fought off short term bearish momentum and produced incremental climbs in value.
The USD/MXN has likely crushed short term speculators who have been trying to sell the forex pair.