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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Gold prices have risen sharply ahead of the US presidential election on November 5 and a series of key economic data releases due later this week.
At the time of writing, the GBP/USD pair was trading at $1.3010, almost unchanged from Monday’s opening levels.
The USD/JPY exchange rate rose for the fifth consecutive week ahead of several important economic data releases from the United States and the upcoming interest rate decision from the Bank of Japan.
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The USD/INR has touched another higher apex in early trading today, the currency pair continues to display an incremental bullish trend, but traders need to be wary of the occasional burst lower too.
The US dollar has tested the 20 Mexican peso level multiple times and at this point in time, it looks like we are doing everything we can to break above it.
The New Zealand dollar continues to plummet against the US dollar as the bond market in America is essentially going straight up in the air as far as yields are concerned.
The NZD/USD fell to values not seen since the first week of August as financial institutions remain absolutely locked within cautious trading modes.
The US dollar has rallied a bit against the Chinese Yuan during the trading session on Tuesday, getting very close to the 200 day EMA before turning around and falling.
The Euro initially pulled back just a bit during the trading session on Tuesday, only to turn around and show signs of life.
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I’m a buyer of this pair if we can reach the 377.50 HUF level. I would have a stop loss at the 373 level, and would be aiming for the 382 HUF level.
In my daily analysis of the USD/CHF pair, I see more strength again, as this market continues to try to break out to the upside.
The Australian Stock Exchange 200 moved back and forth during Tuesday's session, lingering around the same region as in recent days.
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During my daily analysis of the EUR/USD pair, I can see that the 1.08 level continues to be important.
The Australian Dollar has continued to decline against the US Dollar despite an amount of risk appetite remaining in global markets. This is mostly due to US Dollar strength but suggests some residual weakness in the Aussie.
Bitcoin price continued surging, retesting its all-time high as the recent momentum continued.