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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t’s becoming increasingly obvious that the €18,650 level is a bit of a barrier.
It’s clear that the Bitcoin has a significant amount of support underneath, right around the $56,500 level.
The EUR/USD exchange rate continued rising this week after Sunday’s French election.
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Bitcoin price remained under pressure on Tuesday morning as concerns about the liquidations by the German government and Mt.Gox wallets.
The AUD/USD exchange rate continued rising this week amid a persistently weak US dollar.
In my daily analysis of the US dollar against the Swiss franc, it's obvious that we have plenty of bullish pressure.
In my daily analysis of the dollar against the Japanese yen, it's become increasingly obvious that there are plenty of buyers underneath just waiting to happen and take this market on.
The relative strength of the British Pound, the new government in the UK, and Dollar weakness all combine to give bulls a shot today at overcoming strong resistance and pushing the price up to reach a new 3-month high.
In my daily analysis of the Mexican peso, it's easy to see that the dollar is starting to soften against the peso, but it's worth noting that we are hanging around the 18 pesos level, which has a lot of psychology attached to it.
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In my daily CAC 40 analysis, I cannot help but notice that the 200-day EMA is an indicator that a lot of people are paying attention to, right around the crucial 7,700 euros level.
I have seen quite a bit of negative pressure, but I also recognize that there's a lot of support underneath.
Despite some selling pressure at the end of last week's trading, the USD/JPY pair has given up some of its highest gains in 38 years around the 161.95 resistance level, retreating to 160.33 and closing the week steady around 160.75.
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The GBP/USD exchange rate is trading near a 3-week high ahead of major economic and political developments on both sides of the Atlantic.
The US dollar weakened against other major currencies after a US Labor market report showed continued slowing conditions, reinforcing expectations of a rate cut by the Federal Reserve at its September policy meeting.
At the end of last week's trading, gold prices jumped to a six-week high after US employment data indicated a gradual slowdown in the labor market, reinforcing expectations of interest rate cuts in the coming months.