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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I believe that the EUR/GBP pair is worth watching due to the fact that we have absolutely collapsed at this point, and it looks like the market is likely to continue to see traders favor the British pound over the euro.
The GBP/USD exchange rate continued soaring after the mixed flash manufacturing and services PMI numbers and the dovish statement from Fed’s Austan Goolsbee.
The EUR/USD currency pair retreated after the weak European economic numbers, which confirmed that the bloc’s economy was softening.
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Bitcoin price held steady overnight as investors assessed the impact of the Federal Reserve interest rate decision.
USD/TRY remains in a narrow range as the Turkish Central Bank tightens liquidity. Watch for potential breakout levels and key resistance near 34.50.
The British Pound came under pressure on Friday morning after UK retail sales exceeded expectations. However, a disappointing consumer sentiment survey suggests that the government's pessimistic tone regarding the economy and national finances is having a chilling effect.
The Japanese yen declined once more to over 144.40 yen against the US dollar on Friday, reversing earlier session gains, after Bank of Japan Governor Kazuo Ueda acknowledged "some weakness" in the economy, a slightly more dovish tone than previous statements.
Recent trades of the EUR/USD pair have been predominantly bullish, with bulls successfully driving the pair towards the resistance level of 1.1190, closing the previous week near these gains.
The euro rallied a bit again during the trading session on Friday, breaking above the 50 day EMA to show signs of strength.
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The West Texas intermediate crude oil market was a little bit noisy during the trading session on Friday as we continue to test the $71 50 cents level.
The Australian Stock Exchange 200 has pulled back a bit during the trading session on Friday, wiping out most of the gains from Thursday, suggesting that maybe not everything is quite as rosy as it looked.
Natural gas exploded to the upside during the trading session on Friday, as we are slamming into the $2.75 level.
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The New Zealand dollar has rallied initially during the trading session on Friday, but it continues to see a lot of noise near the 0.63 level.
The USD/MXN currency pair is trading near the 19.39615 ratio as of this morning.
As of this writing the USD/ZAR is traversing near the 17.39825 ratio with fast changes of value.