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.
As trading began this week, gold traded around and above the psychological resistance of $2,500 per ounce, hovering near its all-time highs, driven by strong demand for safe-haven assets as financial markets assessed the Federal Reserve's monetary policy expectations.
The currency pair is traversing value it last saw in the middle of July, and it should be noted the USD/BRL also traded within this realm in the middle of June.
The USD/SGD is trading near the 1.30845 level as of this writing, which is within sight of lower values not traded in a handful of years.
The British pound has rallied again during the trading session on Monday as it looks like we are threatening the 1.30 level.
The British pound has gone back and forth during the course of the trading session here on Monday as we continue to dance around the 190 yen level.
The CAC Quarante has shown itself to be bullish during the early hours on Monday, but then looks as if it is going to struggle with a 50 day EMA.
The German index has rallied slightly during the trading session here on Monday, as it looks like we are trying to grind towards the 18,650 euro level.
The euro bounced a bit during the early hours on Monday as it looks like the 0.85 level is going to give a little bit of support, especially as the 50 day EMA sits just below all things being equal.
It’s easy to see that the USD/INR currency pair is paying close attention to the 84 Rupee level.
Natural gas looks as if it is continuing to try to fight, perhaps finding enough support to turn things around and rally again.
The USD/JPY currency pair has clearly plunged over the last couple of trading sessions.
Dow Jones 30 has been very bullish in the last week or so.
I can see that silver is still widely supported overall.
The GBP/USD pair’s rally gained steam this week ahead of important statements by Bank of England (BoE) and Federal Reserve officials at the Jackson Hole Symposium.
The EUR/USD exchange rate continued its strong bull run this week and reached a high of 1.1077 as more Fed officials expressed optimism of cuts.
