The GBP/USD exchange rate continued falling after a series of weak manufacturing and services numbers from the UK and the US.
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
The EUR/USD exchange rate dropped below the key support level of 1.1096 after the latest Spanish election and weak European inflation numbers.
The Australian dollar was flat on Tuesday morning as concerns about China’s slowdown continued.
Top Regulated Brokers
The world of crude oil trading has been marked by considerable volatility as it grapples with the oscillation between the 50-Day and 200-Day Exponential Moving Average indicators.
The euro experienced a pullback in Monday's trading session, as market participants grapple with the question of whether the US dollar will continue to strengthen or if this is merely a temporary retracement.
The gold market recently experienced a temporary retreat following a period of bullish pressure, prompting investors to closely examine the recent momentum.
Monday's trading session witnessed a cautious and indecisive movement of the British pound as market participants sought stability amidst ongoing uncertainties.
Early on Monday, the natural gas markets exhibited limited movement as traders absorbed substantial gains achieved on Thursday.
During Monday's trading session, the US dollar experienced a slight pullback, showing signs of noisy behavior.
Bonuses & Promotions
Monday's trading session witnessed a small rally in the S&P 500, marked by back-and-forth movements towards the upside.
The early trading session on Monday brought a promising rally in the silver market, hinting at potential upward movement.
The Australian dollar experienced a strong rally during the Monday trading session, setting a positive tone for the week ahead.
In Monday's trading session, the British pound experienced a pullback against the Japanese yen, but it remains firmly within a consolidation area.
Amidst a downward correction, the price of the EUR/USD receives the monetary policy decisions of both the European Central Bank and the US Federal Reserve this week.
In the last trading session of last week, the GBP/USD was more stable, after the release of better-than-expected British retail sales data, although a number of analysts believe that the sell-off after the release of British inflation in the middle of the week has not yet been completed.