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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As you can see, the US dollar has rallied again against the Japanese yen as we continue to see a lot of upward pressure in general.
The EUR/USD exchange rate continued its strong sell-off as the US dollar index surge gained momentum.
Bitcoin has seen a dramatic increase in value following the US general election result and is finally making a natural bearish retracement after touching a record high above $90,000 yesterday.
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The AUD/USD exchange rate continued its strong downtrend as the US dollar index rally gained steam.
The GBP/USD pair plunged to its lowest level in almost three months as geopolitical concerns remained elevated.
At the beginning of this week, the GBP/USD exchange rate is facing pressure, and we will be monitoring the key support levels that will be tested in the coming days.
Trump's trade policies continue to support further gains for the US dollar against other major currencies.
The US dollar continues to gain momentum against other major currencies since Trump’s victory in the US presidential election, while the Japanese yen was negatively affected by the Bank of Japan’s pause in tightening.
The ongoing strength of the US dollar is negatively impacting gold prices, which are now approaching the crucial support level of $2600 per ounce for the bears.
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Japanese index has rallied a bit during the trading session on Monday, as we have seen the Japanese yen lose some of its strength.
During my daily analysis of the AUD/USD pair, the market initially tried to rally a bit during the day, but then fell as we continue to see a lot of questions asked about whether or not the support underneath will hold.
Looking at the New Zealand dollar against the Japanese yen, the New Zealand dollar initially did pull back just a bit to test the 50 day EMA, but then turned around to show signs of life.
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The US dollar rallied rather significantly during trading on Monday again as we have pierced the 20.50 level.
During my daily analysis of the NZD/USD pair, the market has gone back and forth on Monday, as we continue to see a lot of noisy trading, as we had sold off quite drastically.
The USD/CAD pair is a market that stands out during my daily analysis of major currency pairs, due to the fact that we continue to bank on the ceiling and try to break much higher.