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
We initially tried to rally during the early hours on Tuesday in the British pound against the Japanese yen, but then fell off of a cliff as we continue to see erratic and spastic behavior time and time again.
The IBEX had initially tried to rally during the trading session on Tuesday but gave back the gains as it looks like we are running out of momentum.
After touching a low of nearly 3.62280 on the 30th of August, the USD/ILS has climbed higher.
Top Forex Brokers
The NZD/USD is around the 0.61435 price as of this writing with typical fast changes been seen.
Silver looks extraordinarily confused.
The US dollar is drifting a little bit lower.
We have a lot of confusion.
The market has been consolidating for several weeks, and it certainly looks as if we are trying to do everything, we can to eventually build up enough momentum to go higher.
The USD/MYR currency pair stands out as we continue to consolidate in bang around in what looks like a bit of a symmetrical triangle.
Bonuses & Promotions
Bitcoin has been weakening as a risk-on asset in the current risk-off environment, but the price will likely be affected later by the release of US CPI data.
The GBP/USD currency pair dropped to an important support level after the mixed UK jobs numbers and as crude oil prices continued falling.
The EUR/USD pair continued falling ahead of Thursday’s European Central Bank (ECB) decision.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The AUD/USD pair retreated to its lowest point in two weeks even after the strong Chinese trade numbers.
We anticipate further losses for the GBP/USD pair this week, but we believe the decline will be limited to the 1.3036 support level.
At the start of this week, the Japanese yen dropped to 143.79 against the US dollar, halting its recent upward trend as the dollar strengthened amid ongoing uncertainty about the Federal Reserve’s upcoming interest rate cut.