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 first thing I see is that this asset continues to see a lot of volatility.
The EUR/USD pair retreated sharply from its highest point this week.
Bitcoin price rose in the overnight session as the recent fear in the crypto and stock market eased.
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The AUD/USD exchange rate bounced back as signs of a divergence.
The Malaysian ringgit has experienced a significant decline in recent days, prompting a reevaluation of the market's trajectory.
The US dollar has been bullish against the South African rand for the last couple of days, showing signs of life from an extremely oversold condition.
The US dollar and New Zealand dollar have been bouncing around against each other during the trading session on Tuesday, as it seems like we don't really know what to do
During the trading session on Tuesday, as we continue to at least attempt to recover from the massive sell off that we have seen in the British Pound against the Swiss franc, the Swiss franc has certainly been picking up a lot of strength as of late.
The Nasdaq 100 has been all over the place. During the trading session on Tuesday, as we continued to dance around the 200 day EMA.
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At the beginning of this week's trading, the price of gold fell to around $2,365 per ounce, paring its previous gains and retreating from last week's record highs as investors took profits.
The Japanese yen has continued its sharp gains, jumping to 141.68 yen per dollar, reaching its highest level since early January 2024.
The pound sterling declined to $1.2710, nearing a one-month low, as investors anticipate faster interest rate cuts from the Bank of England.
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Amid strong upward momentum supported by dollar weakness, the EUR/USD pair moved towards the psychological resistance level of 1.1000, their highest level in seven months.
The violent move upwards to start trading yesterday was a nervous reaction to global financial market chaos which was certainly been seen.
Yesterday’s selling added on to bearish sentiment which has been seen since the start of July.