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.
Most Recent
Get the weekly Forex forecast for major currency pairs for the week of June 10-15, 2024 here.
The US dollar initially fell a bit during the trading session on Thursday but has turned around to show signs of strength yet again.
The British pound has fallen a bit during the trading session on Thursday against the Swiss franc, but it looks like it continues to see a little bit of support just below.
Top Forex Brokers
The German index, the DAX, has initially shot higher during the early hours on Thursday, but gave up gains as the ECB decided to cut rates.
The US dollar is gone back and forth during the course of the trading session again on Thursday, as we continue to see a lot of noise against the Canadian dollar.
The euro has rallied a bit against the British pound as we continue to see the 0.85 level offer support.
It looks like the British pound will continue to be very noisy against the Japanese yen. It also looks like the ¥200 level continues to attract a certain amount of attention.
The euro rallied during the early hours on Thursday, but it's worth noting that the ECB has cut interest rates.
The Brazilian real initially seemed like it was going to sell off even further during the trading session, and the US dollar taking advantage of that on Thursday.
Bonuses & Promotions
You can see that the euro initially fell a bit during the trading session on Thursday, mainly in reaction to the impending rate cut coming out of the European Central Bank.
The USD/TRY pair retreated yesterday, Wednesday, against the Turkish lira, while it stabilized this morning, Thursday.
The recent sell-off in USD/JPY has been halted in the past few weeks, supported by strong intervention from the Bank of Japan (BoJ).
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
GBP/USD has been trading in a consolidation pattern since the start of this week's trading, settling around 1.2785 at the time of writing.
EUR/USD has been under selling pressure since the middle of this week's trading, falling from the 1.0916 resistance level, the highest for the pair in over two months, to the 1.0855 support level.
Gold prices have returned to the $2355 resistance level despite a steady US dollar ahead of the May US jobs report due later this week.