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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EUR/USD: Slight bearish bias
The Australian dollar has gone back and forth during the course of the trading session on Monday, but ultimately ended up forming a little bit of a negative candlestick.
The Euro initially rally during the trading session on Monday but has fallen quite a bit from the highs in order to form a less than ideal candlestick.
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The US dollar has rallied a bit during the trading session on Monday to kick off the week, but against the Japanese yen it has been extraordinarily sleepy.
The S&P 500 has rallied quite nicely during the session on Monday, breaking above the 3400 level and making an all-time high finally.
The British pound initially tried to rally during the trading session on Monday but gave back the gains in order to show less than impressive momentum.
The NASDAQ 100 has gone back and forth during the trading session on Monday, reaching all-time highs yet again.
The US dollar has pulled back a bit against the Brazilian real but still looks very bullish as we have recently broken out of an ascending triangle
The silver markets initially tried to rally during the trading session on Monday but gave back the gains in order to show a less than desirable candlestick.
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The West Texas Intermediate Crude Oil market continues to be very uninspiring, as we simply go sideways.
Gold markets have initially tried to rally during the trading session on Monday but gave back quite a bit of the gains as the US dollar strengthened.
Most of last week’s trading was marked by the downward correction for the EUR/USD, which pushed it towards the 1.1754 support before stabilizing around 1.1800 at the beginning of this week’s trading.
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Sign up to get the latest market updates and free signals directly to your inbox.The strength of the US dollar was a good reason for the gold price to drop to $1911 support during last week's trading and began this week's dealings around the $1938 per ounce, where it is stable at the time of writing.
After the recent strength of the US dollar against the rest of the other major currencies, the bears faced a loss of momentum to move the GBP/USD currency pair below the 1.3060 support.
During last week’s trading, the USD/JPY collapsed towards the 105.09 support.