The performance of the price of the sterling currency pair against the US dollar, GBP/USD, last week was the most prominent for the bulls of the forex currency market.
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.
Most Recent
Throughout last week's trading, the price of the USD/JPY currency pair attempted an upward rebound.
Gold futures struggled to stay above $1,750 an ounce by the end of last week's trading, as the gold market was affected by the rise of the US dollar.
Top Regulated Brokers
Having suffered from a long-term bullish trend and watching values constantly flirt with higher realms, the USD/ZAR had been able to create a downward trajectory since November the 3rd.
The S&P 500 Index was a bit negative during the trading session on Friday as we limped into the weekend.
The USD/BRL went into the weekend with a value near the 5.3825 ratio.
The West Texas Intermediate Crude Oil market plunged during the Friday session, piercing the $80 level quite handily.
The NZD/USD initially tried to rally during the trading session on Friday but gave back gains as we have continued to see a lot of volatility.
The NASDAQ 100 has fallen a bit during the Friday session as it looks like we are getting ready to turn a little bit lower as we have struggled to continue the upward momentum.
Bonuses & Promotions
The EUR/USD has pulled back just a bit from the 200-Day EMA during the trading session on Friday, as we are heading into the weekend on the back foot.
The AUD/CHF initially rallied during the trading session on Friday, reaching the 50-Day EMA.
In my previous analysis of the EUR/USD currency pair last Thursday, I thought that we were clearly seeing bullish momentum but that it was likely to run out of steam soon as the long-term moving averages are still well below the short-term ones, a sign of a premature trend.
The USD/JPY was relatively quiet against the Japanese yen during trading on Friday, but that’s actually a good thing.
The USD/CAD has rallied a bit during the trading session on Friday, as it looks like we are going to threaten the 1.34 level.
The GBP/USD has rallied a bit during the trading session on Friday, but quite frankly it was a rather quiet session.