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 price of the lira stabilized against the dollar during the trading at the beginning of the week, as attention began to focus on the important elections expected during the next year.
For four consecutive trading sessions, the price of the EUR/USD currency pair has been moving amid an upward retracement with strong gains that reached the 1.0545 resistance level.
The USD/BRL has traded within a lower price range since last Wednesday; this after financial institutions reacted to U.S Federal Reserve interest rate policy rhetoric.
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The exchange rate of the pound against the dollar restored some of its previous gains in the last session of trading last week.
This is a strong bearish trading week for the performance of the USD/JPY currency pair.
The USD/ZAR has proven particularly dangerous the past handful of days and opened with a gap lower this morning rocking speculative positions yet again.
The strong decline in the price of the US dollar allowed the XAU/USD gold price to make a strong upward rebound with gains towards the resistance level of $1804 an ounce
The GBP/USD price surged to the highest level since June 27 as the US dollar weakness continued.
The EUR/USD price continued its relentless comeback as investors focused on the likelihood for a Federal Reserve pivot.
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The BTC/USD price remained unchanged at about 17,000 as investors reacted to the latest American jobs numbers.
The AUD/USD price held steady as investors refocused on the upcoming interest rate decision by the Reserve Bank of Australia (RBA).
The S&P 500 has rallied a bit during the trading session on Friday, even though the jobs number came in hotter than anticipated.
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The NASDAQ 100 initially fell during trading on Friday, as the jobs report came out much hotter than anticipated.
The gold markets plunged after the jobs number on Friday but have seen buyers jump back into this market as the jobs number caused volatility, but at the end of the day, traders are starting to think that the jobs number doesn’t change much.
The DAX pulled back a bit initially during the trading session on Friday but then turned around to show signs of life again.