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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A weaker US Dollar and generally bullish risk-on conditions in stock markets is boosting the price of this currency pair as a key risk barometer. Higher prices are likely today if the price holds up above $0.6755.
The GBP/USD pair made a bullish breakout as traders started to pare back their Bank of England (BoE) interest rate cut expectations.
The EUR/USD pair remained in a consolidation phase on Thursday morning as the focus shifted to the upcoming German and US inflation data.
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Bitcoin price continued wavering as traders focused on the ongoing transactions by the German government and Mt.Gox and the next Federal Reserve actions.
In my daily analysis of the Italian MIB 40, I can see that we still have plenty of upward momentum, and it looks like we are ready to perhaps continue to go higher.
In my daily analysis of the US dollar against the Singapore dollar, I can see that we continue to dance around the crucial 200 day EMA.
In my daily analysis of the Aussie dollar against the Japanese yen, it's obvious that we still have plenty of bullish pressure.
In my daily Euro versus Canadian dollar analysis, I have begun to notice that the 1.4750 level being a bit of a magnet for price.
In my daily analysis of the US dollar against the Chinese yuan it's obvious that we still have plenty of support near the 7.28 level.
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The recent gains in the GBP/USD price have been capped at the 1.2845 resistance level.
EUR/USD’s gains have been temporarily halted around its highest in a month with gains reaching the resistance level of 1.0845 and are stabilizing around the level of 1.0810 at the time of writing.
The Japanese yen has returned to around 161 yen per US dollar, paring gains made in recent sessions.
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Gold prices retreated below $2,350 an ounce during yesterday's trading session, extending losses from a one-month high of $2,390 touched on July 5th.
The USD/RUB has traded lower incrementally since the first week of May when the 94.3400 level was challenged higher.
The NZD/USD currency pair is trading around 0.60870 as of this writing.