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 euro is not one of the strongest major currencies anymore.
Bitcoin markets were very noisy during the trading session on Monday, as most markets were as they reacted to Brexit headlines.
The US dollar rallied quite nicely against the Japanese yen during the trading session on Monday, as there was a surge into the greenback due to Brexit headlines that had people covering the euro and the pound.
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The Australian dollar has fluctuated during the trading session on Monday, as we continue to hear a lot of noise in this general vicinity.
NASDAQ 100 traders had a short but choppy range during the trading session on Monday, as traders continue to look at the 12,000 level as a potential barrier.
The S&P 500 rallied just a bit during the trading session on Monday, reaching towards the 3600 level.
Gold markets have broken down below the recent support at the $1850 level, an area that has been relatively reliable as of late.
Silver markets broke down slightly during the trading session on Monday, as the US dollar got a bump higher.
The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Monday as we returned to work.
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The euro fluctuated during the course of the trading session on Monday as we continue to hang on to the latest headlines involving Brexit, which has a certain amount of influence on the euro as well as the British pound.
The British pound rallied right off the bat on Monday, reaching towards the 1.34 handle.
The EUR/USD had cautious performance during last week's trading as gains reached the 1.1894 resistance before closing, stabilizing around 1.1858.
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Despite the failure of the European Union and Britain to resolve the contention points between them, the GBP/USD pair has strongly benefited from investors' risk appetite and abandonment of the dollar as a safe haven amid the announcement of coronavirus vaccines.
Gold prices rose to $1880 an ounce by the end of last week's trading, despite the uncertainty about the rapid financial stimulus in the United States amid rising COVID-19 infections and despite the stronger dollar.
It seems from the USD/JPY's last three trading sessions on the daily chart that bearish exhaustion is taking the pair to stronger descending levels.