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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French election is going to cause trouble for the Euro.
The GBP/USD exchange rate wavered on Tuesday morning as traders reflected on the ongoing events in the UK and the upcoming US jobs numbers.
Bitcoin price continued to consolidate in the evening session as investors waited for the upcoming Federal Reserve decision.
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The AUD/USD pair bounced back as last week’s sell-off took a breather.
At the start of this exciting trading week, the EUR/USD price tumbled with stronger losses amidst a bearish gap, reaching the support level of 1.0748, the lowest level for the currency pair in a month.
The USD/TRY pair opened this week's trading with stability. Recently, the pair maintained the same range it has been in for several weeks.
At the start of this important trading week, the USD/JPY price rose to the 157.20 resistance level as investors and markets prepare for important and influential US and Japanese events.
Despite the recent strength of the US dollar following stronger-than-expected US jobs data, which has dampened any expectations of imminent US rate cuts, the GBP/USD currency pair has shown remarkable resilience.
Gold futures plunged at the end of the first trading week of June, supported by a hotter-than-expected U.S. jobs report that pushed up U.S. Treasury yields and the U.S. dollar.
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The US dollar has rallied rather significantly during the course of the trading session on Friday as the jobs number in the United States came out rather strong, much harder than anticipated.
The Nasdaq 100 initially plunged during the trading session on Friday as the jobs numbers in the United States came out hotter than anticipated.
The Australian dollar has crumbled during the trading session on Friday, as we have seen the US dollar take off to the upside.
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The USD/MXN has seen a bullish surge higher as financial institutions have become nervous due to the election results in Mexico.
Silver has absolutely plummeted during the trading session on Friday. As we have seen jobs numbers coming out hotter than anticipated in the United States.
Gold has gotten absolutely pummeled on Friday after the jobs report came out hotter than anticipated.