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 GBP/USD exchange rate was relatively volatile after the latest Bank of England (BoE) and Federal Reserve interest rate decisions.
Bitcoin price continued its freefall during the weekend, joining other risky assets in a strong sell-off amid rising recession fears.
The AUD/USD exchange rate remained under pressure ahead of the upcoming Reserve Bank of Australia (RBA) interest rate decision.
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The GBP/USD went into the weekend near the 1.27993 level, after touching a low around the 1.27075 earlier on Friday.
WTI Crude Oil has gone into the weekend near its lows for the week and past month.
Last week saw strong and dramatic moves in the market, primarily in the Forex market, with the Japanese Yen advancing by more than 5%, and the US Dollar tumbling after a dovish tilt from the Federal Reserve.
Get the weekly Forex forecast for major currency pairs for the week of August 05-10, 2024 here.
In my daily analysis of the EUR/GBP pair, I can see that this asset is in the midst of trying to form some type of basing pattern.
In my analysis of the US dollar against the Pakistani rupee, you can see that the central bank of Pakistan has kept a tight lid on this pair.
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In my daily analysis of the Dow Jones 30, it’s obvious that the market is in an uptrend, but the trading session on Thursday has been quite brutal.
In my daily analysis of the DAX, the first thing I notice is that we are threatening a major trend line, and therefore we need to pay close attention to what happens next.
In my daily analysis of the CAC 40, the first thing I notice is that we are approaching a major support level.
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In my daily analysis of the dollar against the Rand, the first thing I notice is that the 18.25 South African Rand level is an area that a lot of traders seem to be paying attention to.
In my daily analysis of the dollar against the Norwegian Krone, it's evident to me that the market is trying to turn things around and retain its overall uptrend.
In my daily analysis of the New Zealand dollar, it looked initially like we were going to continue taking off to the upside, but it's probably worth noting that we have shown signs of exhaustion.