The US Dollar has continued to advance over recent hours, supported by Hawkish remarks from the Fed’s Kashkari.
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
GBP/USD attempted to hold above the 1.2500 level to avoid further losses, but with bearish sentiment ahead of the Bank of England's announcement tomorrow, GBP/USD has slipped to the 1.2484 support level as of writing.
According to today's Wednesday trading, the value of the Japanese yen has fallen to over 155 yen against the US dollar, giving up about half of the gains it made last week.
Amid the performance of the currency pair in Forex currency trading companies, EUR/USD may take cues from tomorrow's US initial jobless claims report and the University of Michigan's preliminary US consumer sentiment index on Friday.
Gold prices are consolidating around $2320 an ounce today.
The USD/SGD has inched higher in early trading this morning continuing a path which began on Monday after a strong amount of selling had been demonstrated last week.
After touching a high of nearly 0.60490 momentarily on Friday within the NZD/USD the currency pair has seen incremental selling.
The US dollar rallied slightly during the trading session on Tuesday, as we continue to try to find some type of basing pattern that we can use to go higher.
Short-term pullbacks will continue to get bought into, despite the fact that we have seen a lot of negativity over the last couple of days.
Bonuses & Promotions
The euro initially fell a little bit during the trading session on Tuesday, but then turned around to rally towards the 200 day EMA.
The US dollar initially rallied against the Swiss franc during the trading session on Tuesday but has since given back some of the strength.
The British pound has initially pulled back just a bit during the trading session on Tuesday.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The Bitcoin market initially tried to rally during the trading session on Tuesday, only to turn around and show signs of weakness.
Ethereum markets have gone back and forth during the trading session on Tuesday as we continue to look at the $3000 level with great interest.
The Australian dollar has been back and forth during the trading session on Tuesday