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 New Zealand dollar has been a big winner against many other smaller currencies, including the Singapore dollar, which of course is considered to be a safety currency.
The US dollar initially did rally a bit during the trading session on Monday, but it turned around rather aggressively to slam into the 1.35 level against the Canadian dollar.
During the trading session on Monday, the first thing I see when looking at the CHF/JPY pair, we have seen a complete turnaround from the initial selloff.
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The US dollar has bounced a bit during the early hours against the Indian rupee on Monday as the 83.50 rupee level is an area of significant support.
The NZD/USD pair has rallied quite significantly to reach towards the 0.63 level, an area that has been a major resistance barrier more than once.
I believe that the EUR/GBP pair is worth watching due to the fact that we have absolutely collapsed at this point, and it looks like the market is likely to continue to see traders favor the British pound over the euro.
The GBP/USD exchange rate continued soaring after the mixed flash manufacturing and services PMI numbers and the dovish statement from Fed’s Austan Goolsbee.
The EUR/USD currency pair retreated after the weak European economic numbers, which confirmed that the bloc’s economy was softening.
Bitcoin price held steady overnight as investors assessed the impact of the Federal Reserve interest rate decision.
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USD/TRY remains in a narrow range as the Turkish Central Bank tightens liquidity. Watch for potential breakout levels and key resistance near 34.50.
The British Pound came under pressure on Friday morning after UK retail sales exceeded expectations. However, a disappointing consumer sentiment survey suggests that the government's pessimistic tone regarding the economy and national finances is having a chilling effect.
The Japanese yen declined once more to over 144.40 yen against the US dollar on Friday, reversing earlier session gains, after Bank of Japan Governor Kazuo Ueda acknowledged "some weakness" in the economy, a slightly more dovish tone than previous statements.
Recent trades of the EUR/USD pair have been predominantly bullish, with bulls successfully driving the pair towards the resistance level of 1.1190, closing the previous week near these gains.
The euro rallied a bit again during the trading session on Friday, breaking above the 50 day EMA to show signs of strength.
The West Texas intermediate crude oil market was a little bit noisy during the trading session on Friday as we continue to test the $71 50 cents level.