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 sharp uptrend in the price of the US dollar against the Japanese yen USD/JPY continued, with gains reaching the resistance level of 154.44, the highest for the currency pair in 34 years.
For the second week in a row, the GBP/USD pair has been completing its strong downward correction path, which has pushed it towards the 1.2425 support level, its lowest in five months.
At the start of trading this week, gold traded below the new high it hit last week, even after Iran's unprecedented attack on Israel over the weekend.
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The US Dollar has continued to advance following its bullish breakout in late March from a consolidating triangle formation.
Amid a pessimistic outlook, the heavy losses suffered by the euro price last week against the US dollar open the door to further declines in the coming days.
The Nasdaq 100 has rallied a bit during the early hours on Monday, as perhaps there's been a big sigh of relief that the Middle Eastern conflict hasn’t expanded.
The British pound has rallied rather significantly during the trading session here on Monday, and the Swiss franc continues to be a funding currency.
The climb higher in the USD/SGD has continued this morning and values are being sustained.
The upwards track of the USD/BRL likely has some in Brazil nervous.
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The German Dax has shown the market to show upward pressure with the €18,000 level, an area that a lot of people will be looking at as and an area of interest.
The Swiss franc in the Japanese yen are both very low yielding currencies and are quite often used to fund so-called “carry trades.”
The Parisian CAC 40 has initially rallied during the training session on Monday, but has given back in the early gain.
The US dollar initially fell during the trading session on Monday but has seen buyers step in to pick it up near the 1.3725 CAD level.
The S&P 500 initially tried to rally during the course of the trading session on Monday.
The Aussie dollar initially tried to rally during the trading session on Monday.