The Japanese Yen is now being sold despite its firm rise last week after two cases of suspected Bank of Japan intervention.
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.
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The Japanese yen was in the spotlight last week as concerns about its future continued.
Trading of the US dollar against the Turkish lira has stabilized for the third consecutive week.
The Bank of England may this week provide a clearer signal on whether it plans to cut interest rates this summer, just as investors bet on delayed easing expectations.
The EUR/USD currency pair extended gains to the resistance level 1.0812 on the back of weaker-than-expected US jobs data and settled around 1.0760 at the start of trading this week
Gold futures remained flat at the end of the trading week and settled above the $2,300 level per ounce.
The move lower in the USD/ZAR which started with a solid dose of price velocity on the 25th of April has continued into early trading this morning.
The USD/MXN touched a low around 16.83000 on Friday in the midst of strong selling momentum.
The Aussie dollar rallied during the early hours on Friday to show signs of strength as we reached the 0.6650 level.
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The US dollar has fallen rather significantly during the course of the trading session on Friday as we continue to see a massive correction.
At this point in time, it looks like Bitcoin is trying to come back and break higher as the overall uptrend looks to be reasserting itself.
Bitcoin price staged a strong recovery in the past few days as a sense of calm returned to the market.
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The British pound has fallen again during the trading session on Friday, to seeing the crucial 50-Day EMA.
Gold was all over the place during the trading session on Friday as the jobs numbers came out lower than anticipated.