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.
Most Recent
The GBP/USD remains within mid-term lows as nervous sentiment has taken hold of global Forex and financial institutions brace for the likelihood of more volatility in the days ahead.
Israel attacked Iran over the weekend, but before traders bet blindly on upside they need to consider a couple of important viewpoints which have become evident in the WTI Crude Oil marketplace.
The 27/10 forecast shows EUR/USD finding support, USD/CHF and NZD/USD facing resistance, while Gold and NASDAQ 100 remain bullish.
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In my daily analysis of the USD/CAD pair, the market seems to be attempting to break above the nearby resistance, but I believe we should closely watch the 1.350 level, which has been a key area multiple times.
During my daily analysis of the AUD/USD pair, the first thing I notice is that we are at least trying to bounce.
In my daily analysis of the NZD/USD pair, the first thing I notice is the strong support near the crucial 0.60 level.
My daily analysis of the EUR/USD pair, the market is likely to continue to see a lot of volatility in this area as the 1.08 level is an area that is a large, round, psychologically significant figure, and an area that we have seen a lot of noise previously.
During my daily analysis of exotic currency pairs, the USD/MYR pair remains stagnant, as we are watching this pair trying to turn things around.
The trading session on Thursday has been a bit positive for indices around the world as we continue to see a lot of momentum thrown around the markets in various direction.
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The U.S. dollar has been fairly quiet against the Swiss franc during early hours on Tuesday, as we continue to see a lot of questions asked about the overall trend.
Silver continues to see a lot of volatility as we initially rallied during the trading session on Thursday only to give up gains at this point in time.
The gold market continues to plow higher during the trading session on Thursday, but it's probably worth noting that we are giving back some of the early gains.
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The USD/TRY pair has maintained the same levels it has been trading around for most of October. Recently, the dollar price has stabilized around 34.25 lira with
Get the GBP/USD pair recommendation and buy and sell levels for today, October 24, 2024 here.
Get the EUR/USD pair recommendation and buy and sell levels for today, October 24, 2024 here.