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 S&P 500 has rallied rather significantly during the course of the trading session on Friday as it looks like we are going to continue the overall uptrend.
The NASDAQ 100 rallied significantly during the course of the trading session on Friday, after the jobs number came out roughly in line, and of course we had several negative revisions to the last few months.
The Aussie dollar did pull back just a bit during the course of the trading session on Friday, only to turn around and break higher.
Top Forex Brokers
The USD/MXN has begun this week thus far being able to demonstrate it can sustain the lower part of its range.
Bitcoin initially plunged during the trading session on Friday, breaking well below the $56,500 level, which was where we had the significant pullback to.
Gold rallied rather significantly during the trading session on Friday again, as it looks like we are trying to get to the $2,400 level.
The USD/ZAR briefly touched the 18.11475 vicinity early today this after opening following the weekend break, but then reversed higher quickly.
The pair rose to a high of 1.2818, its highest point since June 12th.
The British pound has tested the 1.28 level during the day, which of course is a large, round, psychologically significant figure.
Bonuses & Promotions
Bitcoin price stabilized during the weekend as the strong sell-off experienced on Friday last week.
It’s hard not to notice the fact that the 1.36 level is a major support level, with the 200-Day EMA backing it up.
The confluence of previous support and the round number at $1.0800 plus the ascending price channel suggests the best opportunity today might be a long trade following a bullish bounce in that area.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
I recognize that the EUR/USD currency pair is reaching a significant resistance barrier that we could have a lot of trouble to get above.
Although we had seen a lot of bullish pressure early during the trading session in the German index, we gave up all of the gains to show signs of exhaustion.
I see that the USD/JPY currency pair has found quite a few buyers on a pullback.