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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In my daily analysis of the Australian dollar, it's easy to see that we had initially pulled back but have found a significant amount of support near the 0.6575 level.
I recognize immediately that we had gotten oversold.
In my daily Bitcoin analysis, I have to admit that I am focusing on the $67,000 level, an area that's been important more than once.
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It's easy to see that the market continues to see a significant amount of volatility.
A weakening US Dollar suggests that a bearish reversal is becoming increasingly likely, possibly after the price touches a key resistance level at 18.6617.
The GBP/USD pair wavered after the flash July PMI report revealed that the UK economy was doing well.
The EUR/USD exchange rate’s recent sell-off stalled on Wednesday after the relatively weak European and US economic data.
Bitcoin price faced strong resistance at $68,500 this week as investors focused on Mt.Gox account movements and US politics.
The Japanese yen continued its recovery against the US dollar as focus shifted to the upcoming interest rate decisions from the Bank of Japan (BoJ) and the US Federal Reserve next week.
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For five consecutive trading sessions, the GBP/USD exchange rate has been under selling pressure.
EUR/USD is under selling pressure and is currently trading around 1.0842, ahead of the release of PMI readings for the manufacturing and services sectors of the eurozone and US economies.
Gold prices are in a rebound mode this week, gaining above the $2419 resistance level and recovering from last week's losses that took the price down to the $2384 support level.
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Traders of the USD/RUB need to remain patient and wait for their wagers on the currency in a similar fashion that fishermen put their bait into the water and then let the day play out.
The CAC had initially tried to rally during the trading session on Tuesday but gave back gains as the 200 day EMA continues to offer a little bit of resistance.
The British pound initially pulled back just a bit during the trading session here on Tuesday, but then turned around to show signs of life.