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 GBP/USD continued rising this week as traders embraced a risk-on sentiment ahead of the (FOMC) interest rate decision.
The EUR/USD pair was flat on Tuesday as the market remained focused on European inflation data and the upcoming Federal Reserve interest rate decision.
Bitcoin price continued falling this week as most spot BTC ETFs saw outflows after halving.
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The Australian dollar moved sideways ahead of the upcoming Federal Reserve and the Reserve Bank of Australia (RBA) interest rate decisions.
Turkish lira Analysis: The US dollar’s trading declined against the Turkish lira during trading at the beginning of the week, as the pair received support
Japanese yen has fallen sharply against the dollar, prompting speculation among traders about when the authorities might start buying the currency to support it
GBP/USD prices attempted a cautious rebound last week, but gains were capped at 1.2540 before prices quickly retreated back to support at 1.2449 and closed
EUR/USD prices attempted a rebound last week, reaching the 1.0753 resistance level. However, the dollar recovered convincingly after consumer spending data show
The USD/MXN has traded lower early today and continued selling since touching a high on Friday around the 17.28000 level, but the results have not come easily.
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The USD/ZAR has moved to new lows this morning as incremental selling of the currency pair continues, but speculative suspicions need to be given attention.
At the end of last week's trading sessions, gold futures managed to capture some gains as financial markets shrugged off the latest inflation data.
The Swiss franc rallied rather significantly during the trading session on Friday, working out well above the ¥172 level.
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The German DAX has rallied rather significantly during the Friday session to in the week on a positive note.
The British pound initially fell during the trading session on Friday, only to turn around to show signs of life near the 1.2450 level.
Bitcoin fell a bit during the trading session on Friday, but it still looks fairly well supported just above the 50 day EMA.