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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Strong and continuous fluctuation was prominent for GBP/USD currency pair trading during last week as the currency pair moved in a range
Spot natural gas prices (CFDS ON NATURAL GAS) fell in early trading on Monday, recording sharp daily losses until the moment of writing this report, by -5.30%.
The Dow Jones Industrial Average continued to decline during its recent trading on intraday levels, to record losses for the third consecutive day in trading on Friday, by -0.85%, or the equivalent of -281.76 points.
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The strong decline in the price of the US dollar during last week’s trading had the strongest and most important impact on the gold bulls
The USD/CAD is near the 1.36400 juncture as of this writing, this morning’s high was near 1.36800 but Friday’s high traversed over the 1.37000 ratios.
In the last two trading sessions for the past week, the price of the USD/JPY currency pair moved amid attempts to bounce back with gains towards the level of 138.17.
The USD/JPY continues to flirt with lower values but has also suffered from reversals upwards which makes its lower trajectory potentially attractive to speculators.
The USD/CHF has rallied a bit during the trading session on Friday, as it looks like we are trying to form some type of falling wedge, which can be a bullish pattern.
The S&P 500 has fallen rather hard during the day on Friday as we continue to see a lot of negativities after the Jerome Powell press conference on Wednesday.
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The NASDAQ 100 has fallen rather significantly during the trading session on Friday again, mainly because we managed to continue the nasty look to the market that we had seen on Thursday.
The gold markets have rallied a bit during the trading session on Friday, as we have seen a little bit of a recovery from the massive selloff on Thursday.
The EUR/GBP rallied a bit during the trading session on Friday but continues to struggle with the idea of breaking above the 0.8750 level, which extends resistance all the way to the 0.88 level.
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The West Texas Intermediate Crude Oil market has fallen rather hard during the Friday session, as we head into the weekend.
The GBP/USD has gone back and forth during the trading session on Friday, as we continue to hang around the 200-Day EMA.
The AUD/USD initially tried to rally a bit during the trading session on Monday but gave back gain as it looks like we are continuing to roll over.