GBP/JPY analysis points to a possible top in place around the 144.00 level. Watch out for reversal in the pair if current resistance holds.
Gold technical analysis shows that a breakout below the $1,450 level could spark a raft of technical selling towards the $1,400 level. Only a move above the $1,480 will change the short-term bearish outlook.
GBP to USD analysis shows that the pair is still extremely bullish. Further upside towards the 1.3300 to 1.3400 levels seems likely.
FTSE technical analysis points to a possible sharp decline coming below the 7,000 level. Only a move above the 7,700 level can negate the bearish scenario.
US Dollar Index technical analysis shows that a breakout below the 97.10 level could spark a raft of technical selling. Only a move above the 98.50 level will change the overall negative bias towards the DXY.
USD/CHF analysis points to a possible swing-trade opportunity from the 0.9925 to 0.9950 area. Alternatively, watch out for heavy technical selling if the 0.9850 level is broken.
USD/JPY analysis shows that the pair could sell-off sharply lower this week if the 108.40 to 108.20 support region is broken. Key fundamental developments are likely to drive the technicals.
EUR/USD analysis shows that the pair is still technically bearish. Buyers need to force the price above the 1.1115 level to encourage buying interest in the pair this week.
Gold remains technically bullish while trading above the $1,400 level. A broadening wedge pattern on the daily time frame points to an upcoming directional breakout.
The New Zealand dollar moved to its highest level against the US dollar since July earlier this week. Buyers will attempt to target the 0.6700 level if price starts to hold above the NZD/USD pairs 200-day moving average.
Silver has started to lose strength below the $17.00 level. A recovery back above the pivotal $17.50 resistance level is now needed to provoke the next strong rally in the price of silver.
The EUR/GBP remains in a downtrend while trading below the 0.8660 level. The upcoming UK general election should create substantial volatility in the British pound currency.
The USD/CAD pair is currently trading in a large price range. The fundamental developments surrounding the Bank of Canada should drive the technicals this week.
The AUD/USD pair has a short-term bullish trading bias above the 0.6835 level. The medium-term trend remains bearish while price trades under the 0.6920 level.
The USD/CHF pair has reversed sharply from parity due to soft data from the US economy. A break under the 0.9900 level could provoke heavy technical selling.