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.
Gold markets have done very little over the last couple of days, and this makes quite a bit of sense considering that the Federal Reserve has a major meeting over the next couple of days that should continue the dovish attitude that we have seen recently.
At the beginning of this week's trading, the EUR / USD pair is settling around the 1.1100 support level, the lowest for two years.
As we have consistently predicted, the pound will remain under pressure due to the fears of the future of the Brexit.
For the first time in a row, gold prices have remained in limited ranges between the $1411 support level and the$ 1433 resistance, forming a consolidation zone that signals a move ahead, and that investors are preparing to start again.
For three consecutive trading sessions, the USD / JPY pair is close to the 108.82 resistance level waiting for stronger catalysts to support the bullish correction which will not work without moving towards the 110.00 psychological resistance level.
The Euro continues to go back and forth, and it looks as if we are likely to see more of the same going forward.
The US dollar has been bullish against the Japanese yen over the last several sessions, and on Friday it was no different.
