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 Canadian dollar has rallied a bit against the Japanese yen during the trading session on Tuesday.
The New Zealand dollar has rallied a bit during the trading session on Tuesday, as it looks like we might possibly be trying to form a little bit of a falling wedge.
In my daily analysis of the gold market, it’s quite easy to say that we are in a bullish trend, and I think that will continue to be the case.
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During my daily analysis of the GBP/USD pair, the first thing I understood by looking at the chart is just how hesitant we are to make a bigger move.
The US dollar has been all over the place in my daily analysis, and as for the USD/CHF pair is concerned, it’s obvious that we are at the top of a strong move.
As I look at the Euro, the first thing I see is that we tried to rally a bit during the early hours on Tuesday, only to give up those gains and show signs of hesitation.
During my daily analysis of the West Texas Intermediate Crude Oil market, it’s obvious that we have seen a lot of buying pressure on Tuesday.
During my daily analysis of the GBP/CHF pair, the market looks very sideways, I think that will probably continue to be the case over the next couple of days.
The Nasdaq 100 initially pulled back just a bit during the trading session on Tuesday, but it does look like it's going to push its way higher.
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The USD/BRL has climbed back to elevated highs and surpassed heights seen in mid-August and September; this as financial institutions likely consider nervous outcomes.
The USD/SGD has continued to creep higher technically and is near values seen in the middle of August, this as global financial institutions have clearly started to become cautious as the U.S election approaches.
The Pound Sterling appears to remain on the defensive against the US Dollar, and we may see levels below the psychological support of 1.30 for the GBP/USD pair again in the next five days.
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At the beginning of this week, the Japanese Yen declined below 150.80 yen per US dollar, the highest level for the currency pair in more than two months.
At the beginning of this week, the price of gold rose to around $2740 per ounce, setting new record levels, driven by increased demand for safe-haven assets.
The Dollar and is Euro is trending downward against the US likely to incur further losses over the next five days.