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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AUD/USD falls on Friday, failing to rally like other currencies against the USD, signaling weak demand and potential downside if 0.62 support breaks.
The Canadian dollar falls sharply against the yen after weak jobs data, with resistance at 105-106 yen likely to cap any recovery.
The AUD/USD pair remains stable around 0.6300 as the US dollar weakens, with traders watching for a breakout to 0.6400 or a pullback to 0.6250.
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The GBP/USD pair continues its strong uptrend amid a weakening US dollar, with key resistance at 1.3100 and potential support at 1.2600.
The EUR/USD pair has rallied on dollar weakness and ECB rate cuts, but overbought signals suggest a short-term pullback before further gains.
Bitcoin continues to sink as risk-off sentiment continues to dominate due to unresolved US-centered trade war.
Silver plunged on Monday as recession concerns hit industrial demand, with key support at the 50-day EMA and a potential drop to $31 if selling pressure continues.
The NZD/USD remains volatile around the 50-day EMA, with a breakout above 0.58 signaling bullish momentum or a breakdown below 0.55 opening the door for further losses.
The USD/CHF pair finds support at 0.8750, with a possible rebound ahead as interest rate differentials favor the U.S. dollar.
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The GBP/USD started last week near the 1.25950 ratio and quickly began to challenge 1.26000, and going into this weekend the currency pair was comfortably above the 1.29100 ratio after a rapid rise higher.
The US-driven trade war is playing havoc with markets, sending stocks and commodities lower, while the greenback sinks in favor of the Euro in the Forex market.
WTI Crude Oil continued to show an ability to challenge new lows this past week, this as supply remains solid and thoughts on economic outlook may be factoring into the commodity.
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The British pound struggles at 1.29, with signs of a potential pullback toward 1.2750 before resuming its bullish trend amid dropping US yields.
The US dollar finds support at 1.43 against the Canadian dollar after a sharp drop, with technical levels suggesting a possible recovery toward 1.44 or higher.