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.
There is a medium-term descending price channel which continues to hold the price lower, but the price action is ascending from the low and looks likely to test pivotal resistance.
At this point in time, I am a seller only, but I think that this market is probably going to continue to see overhead resistance, as we head toward the next RBA interest rate decision.
The Nasdaq 100 tried to recover on Friday, but at this point, it looks like the concerns of war, inflation, and energy continues to be a driver.
In the short term, this currency pair looks very sick. Ultimately, it looks likely to attract sellers anytime it tried to rally. There are no scenarios where I am a buyer of this pair.
The US dollar rallied quite a bit on Friday against the Loonie, as the markets are trying to price in risk destruction.
The market is in the middle of an attempt to truly break much higher, as we are now facing a potential shattering of a resistance barrier that has been held since 1990.
The USD/ZAR is around the 16.87900 ratio with a wide spread early this morning, this as the currency pair has shown signs of sustaining nervous highs after moving upwards on Thursday and Friday.
Bitcoin continues to see buyers are the moment, as we are looking at the market through the prism of a potential turnaround.
Gold dropped on Friday, as traders continue to see a lot of questions about war, inflation, and central bank hoarding of the metal.
Intel continues to be a stock that a lot of people are watching, as the better part of last year, we had seen a lot of upwards pressure.
The US dollar rallied nicely during the Friday session as traders are worried about the Swiss National Bank, and the running to the US dollar for safety in war.
The Australian dollar has fallen in the early hours of Friday, and continues to see a lot of pressure in general.
The EUR/USD exchange rate continued its strong downward trend on Monday, reaching its lowest level since August last year as focus shifted to the upcoming Federal Reserve and European Central Bank (ECB) interest rate decisions.
Bitcoin price firmed on Monday, holding steady despite the ongoing Iran crisis. The BTC/USD pair was trading at 71,500, up substantially from the year-to-date low of 60,000.
The AUD/USD exchange rate continued its recent retreat as traders watched the ongoing Iran war, and the rising demand for the US dollar continued rising. It dropped to 0.6980, down substantially from the year-to-date high of 0.7187.
