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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During my daily analysis of commodity markets, the gold market has caught my attention as it has seen such a beating.
Dear my daily analysis of US indices, the S&P 500 looks a little stretched, but it is probably worth noting that we are above the crucial 6000 level.
The USD/BRL will open its trading today within still lofty values, taking into account recent risk events which still have a lot of room for speculative interpretation.
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The USD/SGD returned to highs in early trading this morning which were seen last Wednesday following the results of the U.S election, short-term speculators will need to take a deep breath.
The EUR/USD exchange rate crashed to its lowest level since April and formed a death cross, pointing to more downside in the coming weeks.
Bitcoin price surge gained steam in the overnight session as the bullish momentum gained steam.
The AUD/USD exchange rate pair continued falling as the US dollar as the US dollar index (DXY) rebounded by over 60 basis points.
There is firm bearish momentum here as US Dollar strength pushes European currencies firmly lower to new multi-month highs for the greenback.
USD/TRY analysis: Lira holds steady as central bank boosts reserves to record highs. Key support/resistance levels and trade signals detailed here.
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Gold's attempts to rebound at the end of the US presidential election week trading failed, as its gains did not exceed the resistance level of $2710 per ounce.
A shift in the Bank of Japan's policy has tempered market expectations for further monetary tightening.
Along with the US presidential elections and Trump's victory, both the Bank of England and the Federal Reserve cut interest rates by 25 basis points last week.
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At the end of last week, the Euro attempted to recover from its strong losses against the US Dollar amid the strength of the latter following Trump's re-election as US President.
The Euro initially pulled back just a bit during the trading session on Friday. As we continue to see plenty of support underneath at the 1.07 level, I think we see so much in the way of support that it is going to be difficult to break down below here.
The S&P 500 initially pulled back just a bit during the early hours on Friday, only to turn around and show signs of life.