My previous GBP/USD signal on 21st June produced a profitable long trade from the bullish doji candlestick on the hourly chart which rejected the support level which I had identified at $1.2698.
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 WTI Crude Oil market displayed resilience despite a temporary retreat on Monday.
The S&P 500 did very little during the trading session on Monday, as it looks like we are going to have a bit of a sluggish start to the week.
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During Monday's trading session, the silver market witnessed a modest rally, propelling prices toward the 200-Day EMA, positioned around the $23 level.
The natural gas market experienced a relatively quiet trading session on Monday, with prices hovering around the significant resistance level of $3.00.
The gold market has displayed signs of stability recently, with prices hovering above the 61.8% Fibonacci level.
The EUR/USD exchange rate recovered modestly ahead of the upcoming American consumer confidence and the important housing data.
The BTC/USD price moved sideways as the recent momentum faded.
The Australian dollar continued selling off as geopolitical risks continued.
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Before the end of last week's trading, the exchange rate of the euro against the dollar (EURUSD) came under noticeable pressure.
The TRY/USD returned to record levels of decline against the US dollar during trading at the beginning of this week.
With the return of the strength of the US dollar, the markets confirmed that the US Federal Reserve is determined to continue raising US interest despite its halt at the last meeting
The bearish pressure on the Japanese yen increased again, coinciding with the confirmation of the future tightening of the US Federal Reserve's policy.
As of this writing the USD/MXN is near the 17.14500 ratio, after a week in which a higher mark of 17.26525 was tested on Friday, but then curiously started to reverse lower.
On Wednesday of last week the 21st of June, the USD/ZAR was trading around the 18.30000 ratio in a rather comfortable mode when technical upwards momentum began to not only show signs of brewing, but potentially boiling over.