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 Parisian CAC initially pulled back during the early hours on Wednesday but has found buyers underneath to turn things around and pressure to the €8,250 level.
The German DAX has rallied again during the trading session on Wednesday, as we continue to make fresh highs every day.
The Swiss franc fell rather hard against the Japanese yen during early trading on Wednesday but has seen a little bit of a push back near the ¥171.50 level.
The Australian dollar shot straight up in the air during the early hours on Wednesday but has given back quite a bit of the gains .
The GBP/USD bullish momentum continued this week as it jumped to its highest swing since April 10th after the mixed US economic reports.
The EUR/USD went parabolic on Wednesday, continuing a bullish trend that started on April 14th.
The price of Bitcoin made a bullish breakout after the soft US inflation numbers sparked a risk-on sentiment in the financial market.
According to Forex market trading, the pound sterling briefly dipped before recovering to around $1.25 as traders digested recent labor data and monetary policy expectations.
The EUR/USD is trading near its highest level in over a month ahead of the release of key US inflation data that will have a strong and direct impact on the future of Fed policy.
Bonuses & Promotions
Gold prices are consolidating near $2360 an ounce as investors turn their attention to US inflation reports due this week.
The Japanese yen fell again, surpassing 156 yen to the dollar, hitting its lowest level in two weeks, raising concerns about the possibility of Japanese authorities intervening again to support the currency.
The gradual downturn in the USD/CAD the past week has now put the currency pair near interesting mid-term support levels.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The USD/RUB continues to correlate to the broad Forex markets in a remarkably healthy manner.
Silver is outperforming Gold, so traders should be more confident of being long of Silver than of Gold.
The US dollar initially tried to rally against the Indian rupee but has given back quite a bit of the gains to turn slightly negative as New York came online.