For the second day in a row, the price of the USD/JPY currency pair is trying to rebound to the upside, stable around the resistance level 129.15 at the time of writing the analysis.
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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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For the second day, XAU/USD gold price is exposed to some limited bearish correction, settling around the level of 1907 dollars an ounce, at the time of writing the analysis.
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The EUR/USD exchange rate entered the new week's trading near its highest level in eight months.
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The USD/CAD has maintained its lower price range attained over the last month of trading, but short-term values are in the middle of its five day results.
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The NZD/USD had delivered a flurry of whipsaw reversals which likely have caused considerable pain to speculators who have not been using proper risk management.
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The AUD/USD has rallied rather significantly during the trading session on Monday, breaking above the psychologically important 0.70 level, and of course the top of the channel that we have been trading in for a while.
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The USD/CHF has gone back and forth during the trading session on Monday, in what would have been somewhat light trading since it was Martin Luther King Junior Day in the United States.
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The EUR/USD initially tried to rally on Monday but could not hang onto the gains.
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The GBP/USD initially rallied during the trading session on Monday but gave back early gains as we continue to see a lot of volatility.
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The BTC/USD has taken off in the last week or so, seemingly flying in the face of all of the Ponzi schemes and outright fraud that we see in the crypto world.
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My previous GBP/USD signal on 11th January was not triggered, as there was no bullish price action when the price first reached the support level at $1.2111 that day.
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The USD/JPY forex price rose slightly on Monday and Tuesday morning as investors focused on the upcoming economic data from the United States and Japan.
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The EUR/USD price pulled back slightly in low volume as the market waited for important economic data from the US and Europe.
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The AUD/USD price retreated on Monday and Tuesday as last week’s bullish momentum waned.
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The exchange rate of the TRY/USD stabilized during early trading on Monday morning.
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