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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As you can see, the silver market has plummeted during the early hours on Wednesday, only to turn around and show signs of life.
while I’m not necessarily too excited about the idea of owning the euro, the reality is that you have to trade the market that you have got.
The USD/ILS has returned to lower support levels and financial institutions in Israel may be producing a stronger Israeli Shekel based on optimistic hopes.
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The EUR/USD pair bounced back after the European Union published a strong GDP report, and after the head of Bundesbank cautioned on rate cuts.
The GBP/USD pair wavered after Rachel Reeves delivered a her first budget and after the US released relatively strong GDP numbers.
The AUD/USD exchange rate’s sell-off eased after Australia published stronger-than-expected inflation data on Wednesday.
After getting very close to making a new all-time high earlier this week, the price is holding up after making a bearish retracement, with the support level at looking likely to be pivotal today.
Since the start of this week, the EUR/USD exchange rate has been trading in a neutral range with a slight bearish tendency, stabilizing around and below the support level at 1.0800.
Gold prices have risen sharply ahead of the US presidential election on November 5 and a series of key economic data releases due later this week.
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At the time of writing, the GBP/USD pair was trading at $1.3010, almost unchanged from Monday’s opening levels.
The USD/JPY exchange rate rose for the fifth consecutive week ahead of several important economic data releases from the United States and the upcoming interest rate decision from the Bank of Japan.
The USD/INR has touched another higher apex in early trading today, the currency pair continues to display an incremental bullish trend, but traders need to be wary of the occasional burst lower too.
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The US dollar has tested the 20 Mexican peso level multiple times and at this point in time, it looks like we are doing everything we can to break above it.
The New Zealand dollar continues to plummet against the US dollar as the bond market in America is essentially going straight up in the air as far as yields are concerned.
The NZD/USD fell to values not seen since the first week of August as financial institutions remain absolutely locked within cautious trading modes.