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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Gold has gotten absolutely pummeled on Friday after the jobs report came out hotter than anticipated.
The USD/ZAR is trading around the 18.85400 ratio with a steady display of fluctuations early this morning.
The US dollar rallied rather significantly during the trading session on Friday as the jobs number in America came out stronger than anticipated.
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The US dollar initially pulled back just a bit against the Norwegian krone on Friday, but turned around as the jobs numbers came out hotter than anticipated.
The Swiss franc is pulled back just a bit during the trading session on Friday against the Japanese yen, near the ¥175 level.
Price action is stuck between $67,000 and $72,000.
The British pound has gone back and forth.
The British pound has rallied a bit.
The GBP/USD exchange rate wavered after the US published a red-hot May jobs report on Friday.
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The EUR/USD pair dived sharply after the European Central Bank (ECB) started cutting interest rates and after the US published strong jobs data.
The AUD/USD pair suffered a harsh reversal.
Reactionary trading hit the GBP/USD on Friday when the Non-Farm Employment Change numbers came in stronger than anticipated.
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The ability of WTI Crude Oil to selloff with greater price velocity last week likely didn’t come as a surprise for many traders who have been paying attention to the commodity.
Get the weekly Forex forecast for major currency pairs for the week of June 10-15, 2024 here.
The US dollar initially fell a bit during the trading session on Thursday but has turned around to show signs of strength yet again.