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 late week decline in the GBP/USD exchange rate is an ominous sign and suggests potential losses in the coming days.
The Japanese yen has once again weakened past 154 yen to the dollar, giving up last week's gains even after top currency diplomat Masato Kanda said the government is ready to combat disorderly and speculative forex moves.
According to recent trading, the euro appears increasingly ready to test some upside targets against the US dollar in the coming days, thanks to a strong reaction to the US jobs report on Friday.
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Gold prices rose above $2328 an ounce today, Tuesday, supported by renewed hopes that the Federal Reserve will start cutting US interest rates this year, after weaker-than-expected job growth in the United States.
The euro rallied slightly during the early hours on Monday as it looks like we are threatening the 200 day EMA.
Gold and Silver are holding up relatively well despite the generally strong bearish reversals we have recently seen in commodity markets.
The dollar yen has recovered quite nicely during the Monday session, and we did start to see US dollar buying late on Friday as we approached the crucial 152 yen level.
You can see that the DAX did rally pretty significantly right off the bat here early Monday morning, but we are starting to see trouble in a very familiar area.
The U.S. dollar has been choppy against the Canadian dollar during early trading on Monday.
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The S&P 500 rallied early during the trading session on Monday, as it looked like money was flowing back into Wall Street and stocks overall.
The British Pound has bounced significantly from the 50 day EMA against the Swiss Franc in early trading on Monday as we continue to see the markets come in and try to pick up the momentum.
The Swiss franc has rallied against the Japanese yen again on Monday, as it looks like the Japanese yen is losing strength across the board.
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Bitcoin initially tried to rally during the trading session on Monday but seems as if it is giving back quite a bit of the gains.
The Nasdaq 100 rallied a bit during the trading session on Monday.
The Australian dollar has rallied early during the trading session on Monday, as it looks like we are trying to threaten a major resistance barrier just above.