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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At the start of this week’s trading, the EUR/USD exchange rate remained stable around 1.0885, retreating from last week's four-month high of 1.0940.
At the beginning of this week’s trading, the gold price attempted to rebound upwards due to US political concerns.
The Brazilian Real has been one of the weakest major currencies this year and behavioral sentiment remains fragile.
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The US dollar initially tried to rally against the Mexican peso, but then fell rather significantly to break back down below the 18 pesos level.
The US dollar initially tried to rally a bit against the Turkish lira and then gave back those gains to essentially end up where we started for the session after gapping higher.
In my daily analysis of the Dow Jones Industrial Average, it's easy to see that this asset had found a little bit of a floor in the early hours on Monday, but the question now is whether or not it can hang on to that support.
The USD/SGD has traversed higher in the past handful of days, but its upwards price action has not been violent.
The Chinese Yuan has lost value during the early hours on Monday as the prime rate came in about 10 basis points less than anticipated.
It’s not hard to see that we are an extraordinarily bearish market at the moment, as the kiwi dollar is being sold off drastically.
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I recognize that we have bounced quite significantly from a crucial support level underneath.
It’s hard not to notice that the British pound looks as if it is trying to form some type of base against the Swiss franc at this point.
In my daily New Zealand dollar analysis, I see across the board that the Kiwi dollar has lost quite a bit of momentum after it initially tried to rally on Monday.
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I begin ask the question “Can the euro break out against the Canadian dollar?
It’s easy to see that the buyers have truly taken over at this point.
The EUR/USD exchange rate wavered on Monday and on Tuesday morning as the impact of last week’s European Central Bank (ECB) decision faded.