Gold markets have plunged during the month of February, suggesting that perhaps the US dollar is trying to claw back in strength.
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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XAU/USD gold futures extended losses at the end of the shortened trading week.
The Japanese yen was near the bottom of the group of major currencies in the last session of last week's trading.
The GBP/USD exchange rate retreated to key support levels on the charts in the last trading session of last week.
The USD/ZAR has continued to move upwards, creating a rather dynamic trend for bullish speculators as it seemingly creates a solid ground above 18.40000.
The USD/JPY made an interesting move during Friday's session, as it was sold down to the 200-Day EMA, only to bounce back up again.
The USD/MXN bounced a bit during the trading session on Friday, as we continue to see a lot of volatility in this market.
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On Friday's trading session, the S&P 500 experienced a significant decline, reflecting the ongoing negative sentiment in the stock market.
In Friday's trading session, the EUR/USD attempted to rally but quickly lost momentum, leading to a lot of negativities in the market.
Silver experienced a significant decline in Friday's trading session as investors turned to the US dollar ahead of the weekend.
The Indian Nifty 50 has fallen a bit to break below the ₹17,500 level, but it is worth noting that we are still hanging around a previous pullback.
In Friday's trading session, the GBP/JPY fell to the 50-Day EMA, briefly dropping below the 200-Day EMA.
In Friday's trading session, the AUD/USD attempted to rally but ultimately fell significantly, showing continued weakness.