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 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.
I recognize that we have bounced quite significantly from a crucial support level underneath.
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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.
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.
Bitcoin price held steady above $67,000 on Tuesday morning as investors focused on the US political events.
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The AUD/USD exchange rate continued its downward trend this week as concerns about the Chinese economy continued.
The British Pound is falling again against the US Dollar as it continues to consolidate below the area of resistance at $1.2950, although the price has frequently found support at the round number of $1.2900.
The Turkish Lira stabilized against the dollar at the start of the weekly trading.
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Gold futures fell below $2,400 per ounce, ending the trading week as traders took profits ahead of the weekend.
Last week, the USD/JPY continued its decline, reaching the support level of 155.37, the lowest for the pair in a month and a half, continuing a sell-off from the yen's weakest level in 38 years.
The EUR/USD exchange rate didn’t enjoy its strong gains for long last week, which saw it reach the 1.0948 resistance level, its highest in four months.