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 US dollar has dropped a bit against the Russian ruble during the trading session on Monday, as we continue to dance around the 91 Ruble level.
GBP/USD bulls have pushed the pair above 1.2500, but bears are still in control of the trend.
The US dollar initially fell a bit during the early hours on Monday against the Brazilian real, but ultimately looks as if it is very well supported underneath.
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The euro has now completed four consecutive weekly advances, suggesting ongoing resilience that could continue if mid-week US inflation and retail sales data
Silver has been rather noisy during the trading session on Monday, as we are bring in our hands against the major resistance level.
The euro rallied a bit after initially gapping lower during the volatile open on Monday.
The British pound has rallied again during the trading session on Monday, as we have shown quite a bit of strength in this pair yet again.
Bitcoin price held steady in the overnight session, helped by the ongoing risk-on sentiment among day traders.
The EUR/USD exchange rate formed a small evening star candlestick pattern ahead of the upcoming US and European data dump.
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The Australian dollar remained in a tight range as traders waited for the crucial statement from Jerome Powell, the Federal Reserve Chair.
The GBP/USD exchange rate rose to its highest swing in a week ahead of a busy week in the forex market as the US publishes the latest inflation and retail sales numbers.
Trading in the USD/TRY remained stable during the beginning of the week, as decisions from the Turkish Central Bank and the government continued to support the stability of the lira against the dollar, which has been ongoing for about a month.
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With the start of trading in the US inflation week, the price of the US dollar against the Japanese yen “USD/JPY” stabilizes around last week’s gains of 155.90 at the time of writing the analysis.
With the start of this week's trading, the price of the euro against the US dollar EUR/USD is moving in a very narrow range amid quiet trading, a calm economic calendar today,
Last Friday concluded a busy week for UK markets with the release of Gross Domestic Product (GDP) data