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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Resistance level at $0.6665 looks likely to be pivotal.
Silver fell rather hard during the trading session here on Tuesday, as we continue to see a lot of noise.
The Australian dollar has fallen rather significantly during the course of the trading session on Tuesday against the Swiss franc.
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The GBP/USD exchange rate rally stalled in the overnight session.
The EUR/USD pair was little changed on Wednesday morning.
Bitcoin price has held relatively steady this week as traders waited for the next catalyst and as the US dollar retreated.
The Japanese yen rose to around 155.80 yen against the US dollar, hovering near its strongest level in two weeks as the US dollar weakened on the back of weak US manufacturing data that supported expectations of rate cuts by the Federal Reserve.
GBP/USD has been gaining ground against the US dollar since the start of trading this week, with markets cautiously awaiting US jobs data at the end of the week.
What is the euro against the dollar exchange rate forecast for this week? We expect a test of 1.09 and a potential breakout from the May range, but US Labor market numbers must come in weak.
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Gold prices hovered around $2,352 an ounce during Tuesday's trading, after posting gains in the previous session supported by growing expectations of monetary policy easing by major global central banks.
This is an interesting pair at the moment because we have seen a massive plunge as of late and the question now is whether or not support can hold somewhere near the 0.97 level.
The currency pair is back within its lower depths seen around the 22nd of May.
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The euro has rallied quite nicely during the trading session on Monday against the Canadian dollar, as we continue to see a lot of support just below near the 1.4750 level.
Support for the USD/BRL had mostly been seen around the 5.2200 level the past handful of days, but yesterday’s selloff definitely took the currency pair lower.
The euro shot higher in the early hours against the British pound on Monday, but just as we had seen on Friday, it looks like there is still a lot of selling pressure.