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
During my daily analysis of US indices, I think that we have a situation where the Dow Jones 30 of course is suddenly bullish again, after the jobs number came out as adding just 12,000 jobs for the previous month.
After getting very close to making a new all-time high a few days ago, Bitcoin made a bearish retracement, but bulls are looking to make a breakout beyond $69,250, with many hoping for a Trump victory to drive prices higher.
In my daily analysis of commodities, it’s worth noting that the West Texas Intermediate Crude Oil market has initially shown a certain amount of strength, only to turn around and fall apart.
Top Forex Brokers
Forex weekly analysis highlights key trends and support/resistance for USD/CHF, EUR/USD, AUD/USD, and Gold amid US election volatility.
Last week saw markets turn their attention to the US elections, which are too close to call, and the Federal Reserve’s policy meeting, which is almost unanimously expected to bring a rate cut of 0.25%.
The EUR/USD finished the week near the 1.08316 ratio, essentially returning to value the currency pair traversed on Wednesday, this as nervous financial institutions wait for the risk events that are coming.
WTI Crude Oil finished below the 70.000 USD per barrel price as the weekend approached, setting up a challenging week ahead for traders as fundamentals and behavioral sentiment are certain to collide.
USD/CAD: During the early hours on Thursday, we did see a little bit of a pullback, only to turn around and show signs of strength again in the US dollar against the Canadian dollar currency pair.
USD/RUB: During the early hours on Thursday, we saw the US dollar rally and reach towards the 97.5 level only to turn around and show signs of weakness.
Bonuses & Promotions
The British pound has plummeted against the Swiss Franc during trading on Thursday as we have seen a major risk off type of move.
The German DAX fell during the trading session on Thursday, but it does look like it is trying to hang on to a certain amount of support.
The CAC 40 fell a bit during the trading session on Thursday as we have crashed into the 7,300 euro level only to turn around and bounce.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
During my daily analysis of the USD/CHF pair, I recognize that this is a market that has been going sideways over the last couple of weeks, and at this point in time I think we have got a situation where the market is trying to determine the next move.
In my daily analysis of the Australian dollar against the Japanese yen, the market has seen a bit of a selloff previously, only to turn around and show signs of life.
The US dollar continues to go back and forth during the course of the trading session on Thursday, as we continue to see a lot of noisy behavior in this market.