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 retreated sharply as the recent bullish momentum faded as the highly consequential US election nears.
In my daily analysis of the USD/CHF pair, it’s obvious that the US dollar has struggled a bit, perhaps due to the fact that there are a lot of things this week that could have a major influence on what happens with the greenback.
The New Zealand dollar initially did try to rally a bit during the trading session here on Monday, but it gave back gains and ended up forming a relatively negative turn of events.
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During my daily analysis of exotic currency pairs, the first thing I notice about the USD/INR pair is that we are right back to the recent highs yet again.
And what I can only assume is a bit of profit-taking, during my analysis on Monday of the USD/CAD pair, the first thing I notice is that we have pulled back from the crucial 1.3950 level.
The US dollar initially gapped at lower to kick off the trading week against the Norwegian Kroner but has turned around to show signs of strength.
The Forex market has turned against the US Dollar over recent days as institutions begin to anticipate true uncertainty between Trump and Harris in the US Presidential Election, or even begin to give Harris an edge.
In my daily analysis of the British pound against the Japanese yen, I noticed that we are in the midst of a major consolidation area.
The British pound the euro has rallied just a bit during the early hours on Monday as we continue to see this pair try to build some type of bottom.
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The US dollar rose slightly against the Turkish lira in early trading on Monday, although the pair did not surpass the peak recorded last month at 34.41 lira.
The Euro to the US Dollar (EUR/USD) exchange rate recorded its first weekly gain in five weeks after disappointing US jobs figures reinforced bets on a rate cut by the Federal Reserve.
For two days in a row, the GBP/USD currency pair has been trying to rebound higher to compensate for the strong losses it suffered last week, which extended to the 1.2843 support level, its lowest in three months.
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The Aussie dollar initially broke above the 1.09 level during the early hours on Friday but has turned around quite significantly.
The New Zealand dollar has been all over the place during the trading session on Friday, as we continue to see a lot of noise in general.
The Australian dollar initially pulled back just a bit during the trading session on Friday, only to turn around and show signs of strength again against the Swiss franc.