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 US dollar has retreated slightly against the Canadian dollar during trading on Thursday, as we are waiting for the crucial Court PCE numbers coming out on Friday.
The British pound has been all over the place against the Japanese yen on Thursday, as we continue to see the Japanese yen get punished.
In today’s analysis, we see that we are dancing around a couple of major moving averages.
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In today's EUR/GBP forecast we see more sideways action, but also recognize that we are in major inflection point.
In my daily dollar yen analysis, I see a market that is very bullish.
USD/RUB analysis shows volatility, down 2.7%. Ruble may strengthen further. Watch for Core PCE Price Index on Friday; it could impact the dollar and influence this pair.
In today’s BTC/USD forecast I see price as basically consolidating, perhaps trying to find a floor ahead of a major announcement.
The USD/TRY pair has remained stable during this week's trading, with the lira recovering slightly from its all-time lows against the dollar.
The Japanese yen suddenly fell to its weakest level since 1986, increasing speculation and authorities may soon have to support the currency again to stop the worst selling in the developed world.
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According to recent trades, the pound sterling fell by a third of a percent against the US dollar GBP/USD in mid-week trading, thanks to “hawkish” signals from members of the US Federal Reserve.
EUR/USD remains under pressure. The European Central Bank is eyeing French risk ahead of Sunday’s vote.
Gold prices continue to slide as the strength of the US dollar and weak sentiment weigh on the precious metal.
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In the currency markets, one of the main themes has been shorting the Japanese yen and we continue to see that happen around the world.
The USD/ILS continues to test resistance levels, and after moving downwards on Monday and Tuesday, the currency pair displayed upside again showing nervousness within financial institutions.
Price held within bearish channel for 21 days after major reversal.