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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As risks events abound in Forex the USD/MYR has seen its bullish trend continue to test higher resistance levels, but financial institutions may be beginning to contemplate new directions.
During the trading session on Wednesday, my analysis of commodities has brought my attention to the natural gas market, as we fell rather hard, only to turn around and show signs of life.
In my daily analysis of European indices, the bourse in Milan has caught my attention, as we have gapped lower.
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During the trading session on Wednesday, I noticed that in my analysis of commodities, the gold market is starting to get back some of the gains.
The New Zealand dollar has been all over the place during the trading session on Wednesday.
In my daily analysis of exotic currency pairs, the first thing that has captured my attention is that the US dollar continues to strengthen.
The Dow Jones 30 was very noisy during the trading session on Wednesday as we continue to hang around the same support region.
As you can see, the silver market has plummeted during the early hours on Wednesday, only to turn around and show signs of life.
while I’m not necessarily too excited about the idea of owning the euro, the reality is that you have to trade the market that you have got.
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The USD/ILS has returned to lower support levels and financial institutions in Israel may be producing a stronger Israeli Shekel based on optimistic hopes.
The EUR/USD pair bounced back after the European Union published a strong GDP report, and after the head of Bundesbank cautioned on rate cuts.
The GBP/USD pair wavered after Rachel Reeves delivered a her first budget and after the US released relatively strong GDP numbers.
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The AUD/USD exchange rate’s sell-off eased after Australia published stronger-than-expected inflation data on Wednesday.
After getting very close to making a new all-time high earlier this week, the price is holding up after making a bearish retracement, with the support level at looking likely to be pivotal today.
Since the start of this week, the EUR/USD exchange rate has been trading in a neutral range with a slight bearish tendency, stabilizing around and below the support level at 1.0800.