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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On Monday, the euro rallied rather significantly right off the bat but then turned around to show signs of negativity. At the end of the session, it looks like we will end up forming a shooting star, which of course is a very negative sign. Quite frankly, when you look at the chart, you can see that there is a massive amount of resistance between here and the 1.15 level, as markets are struggling to figure out which direction to run.
Natural gas initially gapped higher to kick off the trading session on Monday but then ran into a buzzsaw of resistance. Now, keep in mind Monday was Memorial Day in the United States, so liquidity may have been a bit of an issue, but in overnight extended hours
From Daily Forex, this is Chris taking a look at the silver market. Silver initially did try to rally during the trading session on Monday, but keep in mind it was Memorial Day in the United States. So, there was a serious lack of liquidity as volume was a little weaker than usual. It's not a huge surprise to see that we are still very much in the same range that we have been in for the last month, month and a half.
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The British pound has rallied a bit against the US dollar during the trading session on Monday as we continue to see the uptrend play out
Bitcoin has rallied a bit during the trading session on Monday in what was Memorial Day in the United States. So, there might have been a little bit of liquidity missing, but really at the end of the day, I think what we're doing is trying to grind to the upside and take out this candlestick from last week on Friday that was so negative.
Ether (ETH) rallied to a three-month high of $2,700 on May 23 after the successful implementation of the Pectra upgrade on May 7. The second-largest cryptocurre
The Turkish Lira (TRY) against the US Dollar (USD/TRY) has experienced a sharp decline in recent trading, closing at 0.0256 after starting the week at 0.0371. T
During last week's trading, the price of an ounce of gold on the COMEX exchange rose by $181.60, or 5.71%, to $3363.60.
Given the US holiday today, the EUR/USD currency pair may stabilize around its recent upward rebound gains.
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My previous GBP/USD signal on 21st May produced a profitable long trade from the bullish bounce rejecting the support level which I had identified at $1.2400.
The EUR/USD exchange rate rose even after Donald Trump threatened additional tariffs on all European goods entering the US. It jumped to a high of 1.1365
The AUD/USD exchange rate is on the cusp of soaring to its highest level since December 2 as the US dollar index crash gained steam. It soared to a high
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Bitcoin price pulled back after soaring to a record high of $111,971 last week. The BTC/USD pair retreated to below 107,000 as traders started to take profits
The British pound did drop a bit during the trading session on Friday against the Japanese yen to test the 50 day EMA as well as the 200 day EMA indicator.
The Canadian dollar initially pulled back a bit during the trading session on Friday, but it seems like we continue to see a lot of support here right around the 0.5950 level. By bouncing the way we have, we are forming about a 40 pip hammer or so as the market continues to grind sideways in general.