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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Risk-off sentiment is slowly returning after the initial euphoria that a partial trade deal has been announced between the US and China.
After the release of the RBA minutes from its latest meeting, the Australian Dollar was able to maintain its bullish bias.
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As Bitcoin struggles to gain traction, Litecoin has been able to use its 8th anniversary and push back above its 38.2 Fibonacci Retracement Fan Resistance Level
By the end of last week's trading, the price of gold suffered the strongest losses that pushed it towards the $1474 support
The GBP/USD pair gained 2.5% over the course of last week's trading, supported by growing expectations for a possible Brexit deal.
It was normal for the EUR/USD to move up to the 1.1062 resistance during the week's trading in light of the optimism that prevailed in the financial markets
During last month's trading, and in October’s first trading session, the USD/JPY failed to breach the 108.50 resistance level
Economic data out of New Zealand showed that its service sector continued to expand in September, but at a slightly slower pace.
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After the US and China announced that the details of a partial trade deal will be worked out and new tariffs delayed, risk-on sentiment overtook the markets and traders fled safe-haven assets.
With another interest rate cut looming by the US Fed this month, the US Dollar is under bearish pressures.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Friday, as word got out that the Iranian tanker had been hit by a couple of missiles in the Red Sea.
The US dollar has had a very strong trading session on Friday, reaching towards the 200 day EMA at the ¥108.50 level.
The S&P 500 has rallied a bit during the trading session on Friday, breaking above the 50 day EMA based upon the hope that the Americans and the Chinese could get some type of deal done.
Natural gas markets initially tried to rally during the trading session on Friday but gave back quite a bit of the gains to turn around and form an inverted hammer again just as we had on Thursday.