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
The EUR/USD pair continued falling ahead of Thursday’s European Central Bank (ECB) decision.
The AUD/USD pair retreated to its lowest point in two weeks even after the strong Chinese trade numbers.
We anticipate further losses for the GBP/USD pair this week, but we believe the decline will be limited to the 1.3036 support level.
Top Forex Brokers
At the start of this week, the Japanese yen dropped to 143.79 against the US dollar, halting its recent upward trend as the dollar strengthened amid ongoing uncertainty about the Federal Reserve’s upcoming interest rate cut.
The euro is expected to remain under pressure against the US dollar in the near term, but we anticipate volatility around the US inflation report on Wednesday and the European Central Bank's decision on Thursday.
At the beginning of this week's trading, the gold price stabilized at $2500 per ounce, as markets traded around a range of interest rate cuts by the Federal Reserve this month following a mixed US jobs report.
The US dollar has rallied rather significantly against the South African Rand during the early hours on Monday to reach towards the 18 Rand level.
In my daily analysis of the world’s indices, Paris has caught my attention as we have bounced after we had seen such a massive amount of negative pressure over the previous 4 sessions.
The USD/BRL is not trading within a directly correlated manner to the broad Forex market.
Bonuses & Promotions
The US dollar has been quietly positive against the Canadian dollar during the early hours on Monday as it looks like we are trying to threaten the 1.36 level.
The USD/SGD pair is traversing values that it has not seen sustained since November and December 2014.
The US dollar has seen a little bit of strength, which makes a certain amount of sense considering that the global economy is a bit questionable at the moment.
The NASDAQ 100 bounced quite a bit during the early hours on Monday as the 18,335 level has offered support.
The West Texas Intermediate Crude Oil market has seen a bit of a drop, only to turn around and show signs of life again.
The New Zealand dollar try to rally in the very early hours of Monday, but then fell apart, as we have seen risk appetite take a bit of a hit in multiple markets.