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 USD/INR has responded to the election of Donald Trump as the President-elect with a strong jump higher early today, and the currency pair is traversing near the 84.2200 mark with fast conditions and a large price spread.
The Republican clean sweep of the US Presidency and Senate boosts the US Dollar strongly, sending this currency pair plummeting to a new multi-month low, although the price may be finding a bottom near $1.0700.
During my daily analysis of commodity markets, the silver market has caught my attention as we continue to see it bounce around the same area, especially near the $32.50 level.
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During my daily analysis of the commodity markets, the first thing that comes to my attention is the fact that gold markets are consolidating a bit in order to show signs of hesitation.
During my daily analysis of the commodity markets, the natural gas market has stood out, due to the fact that we had seen such a massive move to the upside on Monday.
During my daily analysis of global indices, the ASX 200 has shown itself to be important as we initially pulled back to reach the AU$8100 level, only to turn around and show signs of life.
Dear my daily analysis of the global indices, the DAX 40 has caught my attention, due to the fact that we have seen a lot of bullish pressure.
The GBP/USD exchange rate continued plunging as the American presidential results streamed in and showed a strong performance by Donald Trump.
Bitcoin price bounced back and soared to a record high as investors reflected on the US election results.
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The AUD/USD exchange rate suffered a harsh reversal on Wednesday morning as the market reflected on the incoming presidential results in the United States.
Amid a neutral stance with a bullish bias, the USD/JPY currency pair may be influenced by signals from the US elections and the FOMC decision this week.
Gold has surged by around 33% since the start of the year, hitting multiple record highs in recent months.
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At the start of trading this week, the GBP/USD exchange rate rose to 1.2998 before settling around 1.2950 at the time of writing this analysis.
The EUR/USD exchange rate has settled just below 1.09 ahead of the all-important US presidential vote, but a Donald Trump victory would spark major selling pressure on the currency pair once again.
The USD/SGD has accomplished a lower value range the past day and a half, interestingly this has occurred before the U.S election results tomorrow and the Federal Reserve on Thursday.