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 AUD/USD exchange rate retreated sharply as the market reacted to the Federal Reserve decision and the Donald Trump election.
US Stock and cryptocurrency markets are enjoying powerful rallies following the Republican victories in the US general election last week. Several major US equity indices and Bitcoin are powering to new record highs.
The GBP/USD finished the week of trading near the 1.29150 mark which was above the lows seen on Wednesday when the 1.28350 ratio was tested as behavioral sentiment was tested in full.
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After challenging higher prices on Thursday near 73.000 USD, WTI Crude Oil started to selloff and by Friday’s close the price of the commodity was near 70.610.
Forex Weekly Forecast: Key trends, levels, and strategies for major pairs and markets.
During my daily analysis of exotic currency pairs, I have managed to stumble upon the British pound against the Singapore dollar.
In my daily analysis of European indices, the Italian MIB 40 looks as if it is getting fairly close to a support area that a lot of people might be paying attention to.
During my daily analysis of exotic currency pairs, I’ve noticed that the Swiss franc has fallen a bit against the Japanese yen, but really at this point in time it’s obvious that the market is going to continue to see quite a bit of buyers underneath.
In my daily analysis of European indices, the DAX 40 stands out head and shoulders above many others.
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During my daily analysis of the global indices, the FTSE 100 is something that I was paying close attention to due to the fact that the Bank of England had an interest rate decision,
The natural gas markets were very noisy during the trading session on Thursday as we continued to hover around the $2.85 level.
The British Pound has rallied a bit during the trading session early on Thursday as the Bank of England cut interest rates by 25 basis points.
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The market initially pulled back just a bit during the early hours on Thursday only to test the 50-day EMA to turn around and show signs of life.
The West Texas Intermediate crude oil market has bounced around during the trading session on Thursday as we wait for the FOMC meeting but there are a lot of technical things going on at the same time.
As you can see, the Euro has rallied a bit during the trading session with the 1.07 level offering a significant amount of support.