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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USD/TRY trading volumes declined at the end of last week, with the Turkish lira rising from its all-time low against the dollar following positive reports released over the weekend.
The Japanese yen fell to around 161 yen per US dollar, breaking through this level for the first time since 1986, as the Ministry of Finance appointed Atsushi Mimura as Japan’s top currency diplomat, replacing Masato Kanda.
At the beginning of this week’s trading, with the US dollar’s gains halted slightly, the GBP/USD price is moving around 1.2685 at the time of writing.
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EUR/USD jumped to the resistance level of 1.0767 at the time of writing this analysis.
Gold prices are hovering around the $2325 per ounce level as investors continue to assess the latest US inflation data.
The Dax asset looks as if it continues to consolidate just above a significant amount of support.
We are seeing a lot of noisy behavior and I think at this point we are just simply trying to sort out whether or not we are going to have more risk taking or more risk aversion in the markets.
In today’s Nasdaq 100 analysis you can see that there is a lot of like noisy behavior.
The gap lower has been delivered on the heels of South Africa announcing that coalition political parties have formally agreed to minister posts.
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USD/MXN remains nervous due to changing sentiment from Mexico's aggressive Morena party.
Both currencies are relatively strong.
The US dollar initially pulled back against the Chinese Yuan, only to turn around and show signs of strength again.
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The US dollar has rallied slightly during the early hours on Friday against the Russian ruble but continues to see a lot of noise overall.
In today’s GBP/JPY analysis we continue to see a lot of bullish pressure on each dip, and I think that it is only a matter of time before buyers come in and pick this market up.
The euro has initially fell a bit during the trading session on Friday, to dip down below the 1.07 level yet again.