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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Lower momentum continued into Tuesday and a price of 77.660 was tested.
Get the weekly Forex forecast for major currency pairs for the week of May 27-31, 2024 here.
The euro has gone back and forth against the British pound during the trading session on Thursday.
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The US dollar initially pulled back just a bit during the trading session on Thursday, only to turn around and show signs of strength again against its Northern neighbor.
The Dax initially rallied a bit during the trading session on Thursday but gave back gains like most other indices around the world.
The S&P 500 went back and forth during the course of the trading session on Thursday as we continue to see a lot of nonsensical volatility.
The Euro Stoxx 50 initially looked as if it was ready to pull back a bit during the trading session on Thursday but turned around to show signs of strength again.
The British pound initially fell during the trading session on Thursday, only to turn around and show signs of life yet again.
It looks like the U.S. dollar continues to work its magic against the Japanese yen. As the Bank of Japan is stuck.
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The Ibex 35 in Spain has been somewhat quiet over the course of the last 5 or 6 trading sessions, but this needs to be taken into the overall picture of a market that had shot higher for some time.
The US dollar has pulled back just a bit during the early hours on Thursday, showing signs of weakness against the Indian rupee.
The US dollar has been relatively quiet during the Thursday session against the Russian ruble, as we are at a major technical analysis point that a lot of traders will be paying close attention to
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The USD/TRY pair continued its movement in a limited range with the pair stabilizing throughout this week.
USD/JPY remains stable around the 156.78 resistance level as of writing.
Sterling rose to $1.275 yesterday, its strongest level in about two months, after a higher-than-expected UK inflation reading reduced bets on a Bank of England rate cut.