Gold had a quiet start to trading this week amid a bearish trend, settling around the $1818 level.
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.
Most Recent
For five trading sessions in a row, the USD/JPY has been moving in a new upward correction range, resulting in stability around the 105.63 resistance level as of this writing.
The euro is still lagging far behind the pace of risk appetite that has dominated the markets recently, as gains from the EUR/USD's bullish rebound did not exceed the 1.2150 resistance level.
Top Regulated Brokers
Traders have become increasingly optimistic about the British pound according to Forex market data.
The euro continues to be rather sideways in general, as we gained ever so slightly during a quiet session on Monday.
The British pound rallied again during the trading session on Monday, as traders pound into sterling.
The West Texas Intermediate Crude Oil market gapped higher during the trading session on Monday as the week started out very positively.
The S&P 500 gapped slightly higher to kick off the week on Monday in the futures markets, and then rallied it towards the crucial 3950 level.
The NASDAQ 100 traded its e-mini contract electronically during the trading session on Monday, but the underlying index itself was closed.
Bonuses & Promotions
The Bitcoin markets fluctuated during the trading session on Monday to kick off the week on a slightly positive tone in the end.
The FTSE 100 has taken off during the open on Monday, gapping higher and then slicing through the 6600 level like it was not even there.
The DAX index gapped higher to kick off the trading session on Monday, which has been very bullish for stocks in general.
The gold markets continue to look very quiet, but that is not a huge surprise considering that the Americans were away for President's Day.
The Australian dollar rallied a bit during the trading session again on Monday to kick off the week on a positive note.
The GBP/USD price rose to the highest level in more than 34 weeks mostly because of the relatively weak US dollar and the ongoing vaccination efforts in the UK.