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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The British pound has now reached high levels against the US dollar and will need to see a weak US inflation print on Thursday if it is to make further progress.
For four consecutive trading sessions, the US dollar against the Japanese yen (USD/JPY) has been subjected to selling operations that pushed it towards the support level of 160.26.
At the start of trading this important week, EUR/USD remained stable at $1.0843 after falling to $1.0815 as investors overcame the initial shock of the French election results.
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Gold prices retreated below $2,370 an ounce at the start of trading this week after rising by more than 1% in the previous session to reach the six-week high of $2,393 an ounce.
The ability to reverse lower and correlate with the broad Forex market will be welcomed by Brazil.
Economic data from the U.S in the past week continued to come in weaker than expected.
I see that the GBP/CHF market is likely to continue to go higher.
I can see that the GBP/JPY pair is going to continue to be positive.
it has become increasingly obvious that there are a lot of buyers out there on dips
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t’s becoming increasingly obvious that the €18,650 level is a bit of a barrier.
It’s clear that the Bitcoin has a significant amount of support underneath, right around the $56,500 level.
The EUR/USD exchange rate continued rising this week after Sunday’s French election.
Bitcoin price remained under pressure on Tuesday morning as concerns about the liquidations by the German government and Mt.Gox wallets.
The AUD/USD exchange rate continued rising this week amid a persistently weak US dollar.
In my daily analysis of the US dollar against the Swiss franc, it's obvious that we have plenty of bullish pressure.