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 USD/JPY exchange rate continued to rise as the US Dollar Index (DXY) and bond yields rose to their highest point in months.
The Euro attempted to rebound on Friday, but its gains did not exceed the 1.0869 level, recovering from the significant losses it suffered last week, reaching a support level of 1.0810, the lowest for the currency pair in more than two months.
In the last trading session of last week, the GBP/USD exchange rate attempted to stabilize and rebound upwards following the release of the latest US retail sales data.
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Gold futures hit another record high in daily trading, settling above $2,720 per ounce and adding to their impressive rally in 2024.
During my daily analysis of the gold market, I can see clearly that we are breaking out to the upside, and it looks like gold is going to continue to power higher.
my daily analysis of the natural gas markets, the first thing that I see is that we are approaching an area that previously had been resistant.
As I look at exotic currency pairs around the world, the USD/INR pair is one that I pay close attention to, as it has been in a massive uptrend for some time.
In my daily analysis of the USD/JPY pair, the first thing I see is that we are hanging around the 200 Day EMA, which of course is an indicator that a lot of people will pay close attention to.
As I look at the GBP/USD pair, the market continues to look very interesting to me, as we have bounced from the crucial 1.30 level.
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The USD/MXN has returned to its higher price range and the 20.00000 price is now within sight for financial institutions and day traders as nervous conditions shadow the currency pair.
In the past couple of days the USD/ZAR has traded slightly lower and is maintaining what can be argued to be a sideways trajectory as caution takes hold of Forex markets.
The EUR/USD exchange rate slumped to its lowest point in over two months after the European Central Bank (ECB) slashed interest rates for the third time this year.
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The AUD/USD pair held steady at 0.6700 on Monday morning as US and Australia government bond yields continued rising.
The GBP/USD pair stabilized after a series of mixed economic numbers from the UK and the United States.
Bitcoin price continued its strong uptrend, as investors reacted to several catalysts like ETF inflows, upcoming US general election, and the Federal Reserve.