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.
The USD/JPY remains unable to move above the 110.00 psychological resistance level and stabilized below it for four trading sessions respectively, with stronger gains for the Japanese yen as one of the most important safe havens for investors as the fierce US-China trade war spurred recently.
USDCAD: Consolidating within a month-long price range
EURUSD: Bears threaten pivotal point at 1.1172
SILVER: Bulls face key resistance at $14.62/68
The results of the European elections, the Brexit trajectory after May's resignation and the continuation of US-Chinese trade tensions are all likely to support stronger gains for gold
After three bearish trading sessions for the USD/JPY pair, pushing it towards the 109.26 support level, the pair settled around 109.58 at the beginning of this week
At the beginning of this week, the EUR/USD pair will have modest trading in a limited range due to an economic calendar empty of important data and a holiday for US banks.
NZDUSD analysis: Bulls break long-term trend line
USDCAD: Weaker within a month-long price range
