The bulls struggled a lot during the week’s trading to push the price of the GBP/USD currency pair to breach the psychological resistance level of 1.2500.
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 settled above the $2000 psychological resistance once again to settle the last trading week.
The stability of the exchange rate of the EUR/USD currency pair against the US dollar is still above the psychological resistance 1.1000, which supports the bullish trend of the currency pair.
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The gains of the dollar / yen currency pair are on an important date this week, as the US Federal Reserve will announce an update of its monetary policy decisions
Because of the May Day holiday being celebrated in many parts of the world, the USD/ZAR may take on the appearance of being very quiet during a lot of today’s trading action.
The USD/MXN is hovering around the 18.00000 ratio as of this writing.
The stock market can be a very fickle place, with prices fluctuating based on a variety of factors.
Gold has been on an impressive run over the past few months, but on Friday, the markets remained indecisive and consolidated around the $2000 level.
The EUR/USD fell during the trading session on Friday, only to turn around and show signs of strength as investors appeared willing to take a little risk off ahead of the weekend.
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The WTI and Brent oil markets are currently experiencing significant pressure due to the global economy's slowing down.
The AUD/USD faced some challenges during the trading session on Friday, falling amid concerns that continue to weigh on traders.
The NASDAQ 100 has been somewhat tight during the entirety of April, but as we head into May, it looks like the buyers willing to come in and buy every significant debt.
The gold market should see a significant amount of support near the $1940 level, followed by the $1900 level.
On Friday, the USD/JPY demonstrated a strong performance, breaking through the resistance level of ¥135.
The S&P 500 has been back and forth for some time now, and unfortunately we don’t know if May is going to change the overall attitude of the market.