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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Breaking below 109 should increase the bearish pressure.
On Wednesday, May 29, 2019, the markets will be interested in the release of economic calendar data.
Buying gold from every bearish level remains the best strategy.
The US Dollar is still the strongest and strong US economy is still supporting US consumer confidence.
On Tuesday, markets and investors in the FX market will focus on reactions from the announcement of US consumer confidence.
The BCT/USD price jumped to the $9000 high.
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For the second day in a row since the beginning of this week, the USD/JPY pair is moving in a narrow range between 109.27 and 109.62, which is stable around the time of writing.
A stronger-than-expected victory for the anti-EU parties and it policies, as well as the continuation of the global trade war and its negative impact on the Euro-Zone economy will further support downward pressure on the EUR/JPY
After British Prime Minister Theresa May announced her resignation, the GBP/USD rallied to the 1.2747 level but did not get enough momentum to complete gains