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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Get the weekly Forex forecast for major currency pairs for the week of September 09-14, 2024 here.
In my daily analysis of minor forex pairs, the AUD/NZD the pair looks very interesting, because we have seen the Australian dollar try to rally a bit during the early hours on Thursday but gave back gains as we approached the 200-Day EMA.
In my daily analysis of the New Zealand dollar, the first thing that captures my attention is that we have had another day of positivity, which of course is a very bullish sign.
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In my daily analysis of the GBP/USD pair, the market looks as if it is going to continue to go higher, and you can also make an argument that we are forming some type of bullish flag or possibly some type of pendant.
In my daily analysis of exotic currency pairs, the Australian dollar/Singapore dollar currency pair has been of interest to me.
In my daily analysis of the gold market, the first thing that I notice is that although we were very strong in the early part of the session, it’s worth noting that we gave back about half of the gains by midday during New York trading.
As you can see, the silver market rallied rather significantly during the course of the trading session on Thursday, breaking above the 50 day EMA before turning around and showing signs of hesitation.
The Nikkei 225 had a slightly positive session during the trading day on Thursday, testing the 200-day EMA, but it did shy away from it.
The New Zealand dollar has rallied pretty significantly against the Canadian dollar during trading on Thursday as the crude oil market continues to drag the Canadian dollar down with it.
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The US dollar has gone back and forth during the course of the trading session on Thursday, as we continue to see a lot of support just below.
The Aussie dollar went back and forth during the course of the trading session on Thursday as we continue to look for some type of support.
After five consecutive trading sessions during which the GBP/USD pair was subject to selling starting from the resistance level of 1.3265, its highest level in two years.
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The Japanese yen has risen to the brink of the 143.00-yen level against the US dollar, recovering sharply from its two-week low as weak US manufacturing data fuelled recession fears, boosting demand for safe-haven assets.
For the second consecutive day, the EUR/USD pair has been attempting to halt its recent losses ahead of a package of important and influential US economic data.
We have often emphasized that buying gold at every dip is the best trading strategy for gold.