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 silver market rallied significantly during the early hours on Monday, to break above the $30 level.
The euro initially tried to rally during the trading session on Monday but gave back early gains to show signs of hesitation again.
The Turkish Lira depreciated against the US Dollar in early week trading, with the dollar recording new gains despite a global dollar decline.
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Recently, the GBP/USD currency pair has risen to its highest level in two years, following Powell's call for a reduction in US interest rates.
The Japanese Yen appreciated last Friday following a statement by Kazuo Ueda, Governor of the Bank of Japan.
At the end of last week, Federal Reserve Chairman Jerome Powell said it was time to cut the US benchmark interest rate, confirming expectations that officials would begin cutting borrowing costs next month and outlining his intention to prevent further slowing in the Labor market.
Gold futures surged last Friday after Federal Reserve Chairman Jerome Powell hinted at upcoming interest rate cuts.
All of last week until Friday, the USD/MXN exhibited waves of increasing nervous buying.
As of this writing the USD/ZAR is near the 17.76670 ratio with fast results being exhibited.
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The Euro has rallied rather significantly during the trading session on Friday as the US dollar has crumbled due to Jerome Powell finally admitting at the Jackson Hole Symposium that the Federal Reserve is not only going to cut, but we may be entering a cycle of cuts.
The index in Spain did rally pretty significantly during the trading session on Friday, bouncing from the 11,150 euros level.
The New Zealand dollar has shot straight up in the air during the course of the Friday session breaking above the 0.62 level by doing so.
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The crude oil market rallied a bit during the early hours on Friday, and then simply took off after Jerome Powell finally admitted that the Federal Reserve is likely to cut rates in a bit of a cycle.
The British pound has rallied rather significantly during the trading session, smashing through the top of a shooting star.
The GBP/USD currency pair soared to a high of 1.3217 as the greenback sell-off gained steam.