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.
.webp)
Last week's trading was generally bullish for the performance of the USD/JPY currency pair, with bullish retracement gains that reached the 141.95 resistance level, and Friday's trading session was the most prominent in the upward retracement path.
Gold losses reached the support level of 1956 dollars an ounce, before prices stabilized around the level of 1965 dollars an ounce, at the time of writing the analysis.
The Turkish lira traded stable against the US dollar during early trading this week.
The USD/MXN is trading near the 16.97500 level as of this writing.
The USD/ZAR as of this writing is near the 18.02100 mark as of this writing.
My previous EUR/USD signal on 12th July was not triggered, as unfortunately, the bullish price action took place a bit below the support level identified at $1.1026.
During Friday's trading session, the US dollar displayed a significant rally, while the Japanese yen experienced ongoing weakness.
Early on Friday, natural gas markets showed little movement, with traders seemingly digesting the significant gains achieved on Thursday.
The GBP/JPY has experienced a significant surge overnight, with market participants closely observing the ¥180 level as substantial support.
During Friday's trading session, the AUD/USD experienced a significant decline, approaching the 50-Day Moving Average as it grinds towards the 0.67 level.
The GBP/USD exchange rate dropped to an important support level after a series of important economic numbers from the UK.
The BTC/USD has gone nowhere in the past few weeks as focus now shifts to the upcoming Fed decision and options expiry.
The AUD/USD exchange rate retreated on Monday morning as the focus shifted to the upcoming interest rate decision.
The gold market has recently encountered a momentary retreat after a period of bullish pressure, prompting investors to carefully assess the market's recent momentum.
In Friday's trading session, the West Texas Intermediate Crude Oil market rallied, threatening the 200-Day EMA.
