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 US dollar recovered before announcing a package of economic data and important events that contributed to selling the XAU/USD (gold) price towards the support level of $1740 an ounce.
The EUR/USD exchange rate benefited greatly from the rise in risk assets in the last quarter, but its recovery was recently halted by technical resistance around 1.04 on the charts.
The S&P 500 Index fell during the trading session on Monday, as it looks like the 200-Day EMA could come into the picture and will possibly offer resistance.
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The DAX has fallen over 1% during the trading session on Monday, as we are pulling back from a rather significant resistance barrier in the form of €14,500.
The Hong Kong Hang Seng Index initially fell on Monday, as for protests in China over the lockdowns coming back.
The USD/JPY has been able to sustain its lower mid-term price range after more bearish momentum produced strong selling last week.
Bitcoin has fallen again during the session on Monday, after going sideways for the last couple of days.
The USD/MXN moved lower again on Monday and has managed to sustain its long-term depths in early trading this morning.
The Crude Oil market had broken through a major support level, but then turned around later in the day to form a bit of a hammer.
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The EUR/USD price pulled back ahead of the upcoming American and European consumer confidence data.
The BTC/USD price moved sideways as the fallout on FTX and Alameda Research continued.
The AUD/USD price pulled back after the relatively weak Australian retail sales numbers and as China experienced Covid-zero protests.
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Sign up to get the latest market updates and free signals directly to your inbox.The Australian dollar pulled back a bit during the trading week on Monday, showing signs of hesitation.
My previous GBP/USD signal last Tuesday was not triggered, as there was no bearish price action when the resistance level I had identified at $1.1868 was first reached that day.
The GBP/USD currency pair has had a bit of a quiet session during the day on Monday, as we continue to see a lot of hesitation around the 50-Day EMA.