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
The AUD/USD is little changed, with focus being on the US dollar weakness since there is no economic events from Australia.
The Dow Jones 30 remains a speculative playground for traders who want to pursue its bullish trend.
The AUD/JPY has demonstrated a long-term bullish trend, which has proven speculatively opportunistic for traders who enjoy wagering on the Forex pair.
Top Forex Brokers
The USD/BRL has seen a bullish trend emerge the past week which mirrors many other major Forex pairs.
The USD/ZAR has seen a bullish surge create havoc the past week for speculators who have been pursuing downside price action without proper risk management.
By the end of last week’s trading, the price of gold had collapsed to the support level of $1828 from the resistance level of $1918 in the same trading session, the largest percentage loss in one day in two months.
For five trading sessions in a row, the USD/JPY pair is in an upward correction range that moved towards the 104.40 resistance level before settling around 104.10.
Recent COVID-19 restrictions in the U.K. were the reason for the decline of the GBP/USD to the 1.3450 support level, after strong gains had it trading at the 1.3703 resistance level.
For the fourth day in a row, the price of the EUR/USD pair is in a downward correction range, having moved to the 1.2132 support level before settling around the 1.2160 level.
Bonuses & Promotions
The euro fell during the trading session on Monday to kick off the week, reaching down towards the 1.2150 level.
The British pound broke down significantly during the trading session on Monday but also saw a complete turnaround in the overall attitude.
The US dollar initially rallied during the trading session on Monday to kick off the week against the Indian rupee.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The NASDAQ 100 got hit hard to the downside during the trading session on Monday, as it looks like we will try to get to the uptrend line underneath.
The S&P 500 fell initially during the trading session on Monday only to find buyers underneath.
The strong resistance level at 0.7726 is holding.