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 plunged as of late, especially as the ECB is cut rates, and of course we have had snap elections called in France.
The US dollar has climbed again during the trading session on Tuesday against the Indian rupee, as we continue to threaten a major resistance barrier.
The US dollar has shot straight up in the air again against the Mexican peso on Tuesday, as the world waits for the FOMC meeting.
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The EUR/USD exchange continued its deep sell-off after last Friday’s strong jobs report and as traders waited for the upcoming Federal Reserve decision.
The GBP/USD pair stalled after the strong wage numbers pointed to a potential hawkish Bank of England (BoE).
The AUD/USD pair crawled back slightly as the US dollar index (DXY) retreated slightly ahead of the Federal Reserve decision and the US inflation numbers.
Stay updated on gold's support levels and potential entry points as the market navigates ahead of the FOMC meeting. Gain insights into market sentiment surrounding gold's resilience amid recent turbulence and its attractiveness to buyers amidst geopolitical tensions and central bank actions. Explore key support levels, including the crucial $2,280 level, and potential market reactions following the FOMC meeting. Despite near-term volatility, consider opportunities for value buying while remaining cautious of potential surprises in reaction to market events.
Stay updated on silver's recent plunge and potential support regions as traders anticipate the impact of the upcoming FOMC meeting. Gain insights into market sentiment surrounding silver's dual role as an industrial and precious metal, and its unique volatility compared to gold.
Stay informed about the USD/JPY pair's upward momentum as the US dollar continues to exert pressure against the Japanese yen ahead of the FOMC meeting. Gain insights into market sentiment surrounding interest rate expectations and the impact on the yen's value.
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Stay updated on the GBP/JPY pair as it maintains its upward trajectory, breaking above the crucial ¥200 level amid market noise. Gain insights into potential buying opportunities despite short-term pullbacks, driven by the wide interest rate differential and market participants' bullish sentiment.
Discover the current status of the S&P 500 as it navigates through a period of consolidation before the Federal Reserve meeting. Gain valuable insights into market sentiment, technical analysis, and potential trading strategies as traders assess the impact of earnings, employment, and upcoming monetary policy decisions.
USD/BRL remains within a price range that has not been tested since January of 2023 as higher values get tested.
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The USD/SGD is trading near the 1.35320 ratio as of this writing with typical fast trading taking place.
Gold prices had risen 12% since the beginning of the year and were up nearly 18% over the past 12 months.
As expected, the GBP/USD pair fell at the start of this week’s trading as markets reacted to news of the early French elections.