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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The first thing I see is that we have broken higher in the early hours of Friday in the CAD/CHF pair.
Bitcoin price made a strong comeback last week, joining other assets like stocks after the dovish Fed Chair statement.
The AUD/USD pair continued soaring after signs emerged of a potential Federal Reserve and Reserve Bank of Australia (RBA) divergence.
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I can see that we initially tried to reach the 200-Day EMA and break above it.
It’s obvious that we are very much in an uptrend.
The first thing I see is that the US dollar did of course fall rather significantly against the Indian rupee.
We are doing everything we can to reach all-time highs.
Proving behavioral sentiment is often the main factor in Forex, the GBP/USD climbed with rapid capability when U.S Fed Chairman Jerome Powell reiterated what most financial institutions already knew.
On Thursday of last week WTI Crude Oil was trading rather serenely around a low of 72.520, a mark it had traded below on Wednesday, but suddenly the commodity began to traverse higher.
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Market Forecast: FTSE 100, USD/CHF, NZD/USD, EUR/USD, Gold, ASX 200.
In my daily analysis of the natural gas markets, it’s obvious that we are still struggling overall, as we have been sideways for a while.
In my daily analysis of the silver market, I can see that the asset has been pummeled during the trading session, after a couple of different Fed speakers have spoken at the Jackson Hole symposium.
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In my daily GBP/JPY analysis, the first thing I notice is that the British pound is testing the 200-Day EMA against the Japanese yen.
In my daily analysis of the Dow Jones 30, the first thing I see is that the market does in fact look up little bit stagnant at this point.
In my daily analysis of the dollar against the Swiss franc, it's obvious that we are paying close attention to the 0.85 level, which of course is a large, round, psychologically significant figure.