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 DAX somewhat stabilized during the trading session here on Monday, as we are looking at this through the prism of the 18,000 euro level offering a lot of support.
The gold market fell a bit during the early hours on Monday but has since turned around to show signs of strength.
The USD/TRY pair rose at the beginning of trading this week, as the lira fell to its lowest level in about a month, after settling in a narrow range that lasted for several weeks.
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This week, all focus will be on the performance of the pound in the forex markets in the Bank of England announcement.
Recently, the Japanese yen came under renewed pressure following the Bank of Japan's (BoJ) latest policy decision, as the bank failed to meet market expectations of reducing bond purchases.
The EUR/USD pair came under pressure last week following the French elections, where President Macron called for early parliamentary elections after losing to the far-right National Rally party in the European vote.
Throughout last week's trading, gold prices have been struggling to recover from their recent losses, which reached the support level of $2,286 per ounce.
The British Pound fell rather hard during the early hours on Friday as we have dropped below the 1.27 level during the session.
The US dollar has rallied quite nicely during the early hours on Friday against the Japanese Yen, breaking above the 158 Yen level.
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As of this morning the USD/ZAR is near the 18.38275 realm with fast changes being displayed due to light volume and a banking holiday in South Africa
The USD/MXN has opened today’s trading and is around the 18.44845 price which is actually within the middle ground of its five day price range.
Gold rallied nicely during the Friday session from the crucial $2,300 level.
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The US dollar initially shot higher against the Mexican peso during trading on Friday, reaching towards the 18.60 level.
The US dollar has rallied again during the trading session on Friday as the greenback continues to go higher against the Indian rupee.
The US dollar has gone back and forth during the trading session on Friday.