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 Australian dollar has rallied again during the trading session on Monday, as it stubbornly refuses to pull back.
The GBP/USD exchange rate continued its bull run this week.
The EUR/USD pair was stuck in a range as traders focused on this week’s US PCE inflation report and the upcoming ECB interest rate decision.
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Bitcoin price jumped above the psychological level of $70,000 in the overnight session as sentiment in the industry improved.
Past few days have produced stairstep support and some bullish momentum.
The US dollar has fallen during the trading session on Monday to break back below the 50 day EMA against the Canadian dollar.
The US dollar has initially fallen against the Russian ruble, but it did turn around and find a little bit of support at 88.50, a level that's been important multiple times.
The US dollar has been rather quiet during the course of the trading session on Monday, and that makes a certain amount of sense considering that it was Memorial Day in the United States.
The Aussie dollar has rallied just a bit during the trading session on Monday, as we have seen a significant shot higher in what is probably going to be looked at as thin liquidity
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Gold prices have been under selling pressure since mid-last week, falling below the $2,326 support level and settling around $2,336 per ounce at the time of writing.
GBP/USD started this week's trading steady around the 1.2740 resistance level, which is close to the 1.2775 resistance that encourages bulls to move further upwards.
Taking a closer look at the performance of the USD/JPY currency pair on the daily timeframe chart below, it becomes clear that the USD price is consolidating bullishly in a consolidation zone.
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Considering the return of US dollar strength following recent signals from US Federal Reserve officials about keeping US interest rates high for longer, the EUR/USD currency pair tried to avoid moving below the 1.080 support level.
The US dollar initially tried to rally against the Japanese yen during the early hours on Friday, but it looks like we are giving back some of the gains.
The Aussie dollar has rallied a bit during the trading session on Friday against the Swiss franc as we continue to see the Swiss franc used as a funding currency.