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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The euro has rallied significantly during the trading session on Friday, as we continue to see the Japanese yen suffer at the hands of other currencies.
The GBP/USD surged to its highest point since March ahead of the crucial UK retail sales and inflation data.
Bitcoin price stalled during the weekend after staging a strong recovery late last week.
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The AUD/USD exchange rate continued its bull run last week as the US dollar index (DXY) plunged to its lowest level in more than a month.
The 1.08000 ratio in the EUR/USD was penetrated higher on Tuesday the 14th of May and prices were sustained above this key psychological level the remainder of the week.
Risk-on sentiment recovers firmly after last Wednesday’s lower than expected US CPI print, sending major stock indices to new record high prices.
The price of WTI Crude Oil went into this weekend near the 79.460 ratio; this after a low around the 76.700 value was touched on Wednesday.
Get the weekly Forex forecast for major currency pairs for the week of May 19-25, 2024 here.
The Australian dollar initially fell during the trading session on Thursday but has seen a complete turnaround as we have rallied to test the top of the breakout candlestick from the Wednesday session.
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The US dollar initially rallied against the Mexican peso during the trading session on Thursday but has given back some of the gains.
The S&P 500 has rallied a bit during the early hours on Thursday as we continue to see upward pressure.
The euro has bounced a bit after initially selling off on Thursday as the 50-day EMA continues to attract a certain amount of attention.
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The Australian dollar has been all over the place during the trading session on Thursday, as we initially tried to rally, but then turned around to show signs of negativity.
The NASDAQ 100 rallied again during the early hours on Thursday as we continue to see plenty of momentum.
The US dollar rallied a bit during the trading session on Thursday, as the 1.36 level has offered a significant amount of support and resistance over the last several months.