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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Bitcoin price held relatively steady even as American stocks tumbled to their lowest levels in almost a month.
The recent sales did not derail the gold price from its general trend and adherence to the psychological resistance of $2,500 per ounce confirms the strength and control of bulls over the trend.
At the beginning of this week, the Japanese yen weakened to below 147 yen against the US dollar, reaching its lowest level in two weeks.
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The euro was trading at around $1.10 at the beginning of September, hovering near levels not seen since mid-August.
The GBP/USD exchange rate was hovering around $1.31 at the beginning of September, following a 2.1% gain in August.
The Parisian CAC 40 pulled back just a bit to show signs of weakness initially during the trading session on Monday, but then turned around to bounce back above the 200 day EMA.
The euro has rallied rather significantly against the Japanese yen during trading on Monday, which is interesting considering we've seen the Japanese yen lose strength against almost everything.
Gold has pulled back just a bit during the trading session on Monday, only to turn around and show signs of life.
The US dollar has rallied a little bit during the trading session on Monday against the Swiss franc.
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The US dollar has rallied rather significantly during the trading session on Monday against the Thai baht.
The USD/MXN currency pair while experiencing lower trading volume yesterday because of the U.S holiday, managed to climb to a high of nearly 19.85295 before reversing slightly lower.
Having demonstrated the ability to stage a large bearish cycle from late June into last Thursday and achieving a low of nearly 1.30035, the USD/SGD has reversed higher.
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Weak risk-off sentiment in the market is producing bearish pressure on this currency pair, but the support level at $1.3109 looks likely to be pivotal today.
This asset looks as if it is still stuck in the consolidation move.
It’s easy to see that this asset has plenty of support as we initially fell to kick off the Monday trading session, only to turn around and show buyers again.