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 GBP/USD pair continued its freefall as signs emerged that the UK was beating the US on inflation.
Gold has been a bit all over the place during the early hours on Monday, and perhaps a little bit of relief is starting to creep into the market that the Middle Eastern War hasn’t expanded.
The EUR/USD pair has crashed for five straight days as the US dollar has staged a strong comeback.
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The Bitcoin market has rallied pretty significantly during the early hours on Monday after the weekend provided a lot of fireworks in the spot market.
The BTC/USD pair remained under pressure as the US dollar rally continued.
The USD/JPY continued its remarkable rally last week amid continued signals of further tightening by the US Federal Reserve.
The GBP/USD continued its decline last week as the US Dollar Index (DXY) gained strength.
The EUR/USD fell to a five-month low of 1.0622 support amid risk aversion and a negative outlook for the future of ECB policy at the end of last week's trading.
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The pair rose in early trading today, at the same slow upward pace.
The upward breakout trend in gold prices continues with only a slight and temporary pause.
Upon the higher than expected U.S inflation numbers published last Wednesday the USD/ZAR saw a swift bolt upwards.
A short scalp off $1.0700 could be the best opportunity today.
The US dollar initially pulled back against the Japanese yen during the trading session on Friday, but at this point in time, have turned around to show signs of strength.
The S&P 500 fell a bit during the trading session on Friday, but we continue to see a bit of support near the 5,150 level.