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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Bitcoin price continued its strong rally, reaching a new record high as investors cheered Donald Trump’s election.
The AUD/USD pair crashed and then pulled back, forming a hammer pattern, after Donald Trump won the election.
There is strong bullish movement as markets anticipate policy announcements from both the Bank of England and the Federal Reserve today. We are also seeing a rebound from the strong bearish thrust which followed the US general election results on Tuesday night.
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The EUR/USD exchange rate suffered a steep reversal as American stocks and Treasury yields surged.
With Trump securing the U.S. presidential win and Pennsylvania confirming his victory, forex market volatility remains heightened.
Amid performance fluctuations and selling pressure, the USD/JPY pair is trading around 151.35 at the time of analysis. Overall, the pair is expected to take cues from the U.S. presidential election outcome.
The British pound has declined against both the U.S. dollar and the euro amid uncertainty surrounding the U.S. presidential election results.
As the US election approaches, precious metals prices are witnessing upward momentum, driven by investor uncertainty and anticipation of market volatility.
The US dollar fell pretty significantly during the trading session on Tuesday to plunge below the 95 ruble level only to turn around and show signs of support.
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The US dollar has fallen a bit against the Canadian dollar during the trading session on Tuesday, as the world paid close attention to the US election.
The New Zealand dollar has rallied significantly during the trading session on Tuesday to break above the 0.60 level, a large round psychologically significant figure that will attract a few headlines.
The USD/ILS jumped higher early this morning as global Forex became volatile as it became clear Donald Trump was about to become President-elect, then a reversal lower took place.
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The Aussie dollar rallied in the early hours on Tuesday as we continue to see consolidation between the 99.50 yen level below and the 101.50 yen level above.
The USD/INR has responded to the election of Donald Trump as the President-elect with a strong jump higher early today, and the currency pair is traversing near the 84.2200 mark with fast conditions and a large price spread.
The Republican clean sweep of the US Presidency and Senate boosts the US Dollar strongly, sending this currency pair plummeting to a new multi-month low, although the price may be finding a bottom near $1.0700.