The EUR/USD had a slight rally during Monday's trading session, continuing to test a short-term range.
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/JPY has shown signs of rallying during the early hours of Monday, continuing its move above the significant ¥175 level against the Japanese yen.
The AUD/USD has seen a significant rally during Monday's trading session, pushing toward the 0.68 level.
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On the 7th of June the USD/SGD was trading within sight of the 1.35000 ratio, having touched the 1.34975 mark.
A rather cautious higher price range in the USD/JPY has made itself clear the past week of trading.
The USD/JPY continues to exhibit significant sideways volatility against the Japanese yen, suggesting the formation of a bullish flag.
The GBP/USD, during Monday's trading session, initially exhibited an upward trend, indicating a potential rally.
Silver experienced a slight decline during Monday's trading session, with the market now approaching the 50-Day Exponential Moving Average (EMA), just above the $24 level.
Natural gas markets experienced a slight downturn during Monday's trading session, with the summer range continuing to influence price movements.
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The West Texas Intermediate (WTI) Crude Oil market experienced a significant downturn at the start of the trading week on Monday, continuing the trend of volatile behavior.
The GBP/USD exchange rate made a strong reversal during the American and Asian sessions ahead of key economic data from the US and the UK.
Bitcoin price continued to diverge from American stocks as regulatory concerns continued.
The Australian dollar drifted below its last week’s high as market participants waited for the important US consumer inflation data and the Fed interest rate decision.
My previous EUR/USD signal on 6th June was not triggered, as there was no bullish price action when the price first reached the area of identified support at $1.0704.
By the end of last week's trading, the bulls succeeded in pushing the EUR/USD currency pair, with gains, towards the 1.0788 resistance level, before closing trading around 1.0749