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 West Texas Intermediate Crude Oil market is that the $70 level has been like a brick wall.
Last week saw mixed sentiment and unexpectedly robust US CPI and PPI data, which cast doubt on the anticipated fast pace of approaching rate hikes by the Federal Reserve. This boosted the USD, although markets resumed moving in the direction of long-term trends by the end of the week.
Trading in the GBP/USD last week was full of volatile reversals and since the last week of August the currency pair has proven difficult for traders looking to latch onto a trend and ride momentum.
Top Forex Brokers
WTI Crude Oil touched the 70.400 vicinity on Friday, which was a high for the week and challenged values seen the previous Friday.
Get the weekly Forex forecast for major currency pairs for the week of September 16-21, 2024 here.
The British pound has rallied rather significantly against the Swiss Franc as it looks like we are continuing to try to do something about the bullish flag that we had been in for a while.
The Euro had initially tried to rally during the trading session on Thursday, but it looks like the 1.80 level continues to offer significant resistance at this point in time.
Gold has exploded to the upside during trading on Thursday as we continue to see more risk on behavior as the US dollar gets dumped.
The Australian Stock Exchange has rallied rather significantly during the trading session on Thursday as we continue to see a lot of noisy trading.
Bonuses & Promotions
As you can see, the market rallied quite a bit in the early hours on Thursday. And now as we head into Friday, it looks like we're going to try to fill the gap from the beginning of the week.
In my daily analysis of global indices, the EuroStoxx 50 looks very interesting, as it has pressured the 50-Day EMA above.
The US dollar has fallen on Thursday against the Mexican peso, just as we had seen negative pressure during the trading session on Wednesday.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The GBP/JPY pair stabilizes around the ¥185 level, showing signs of strength. Risk appetite will be key in determining if the pound can continue its upward move.
During my daily analysis of currency markets, the New Zealand dollar has caught my attention during the trading session, as we have bounced from the 50-Day EMA, an indicator that a lot of people will be paying close attention to.
During my daily analysis of the GBP/USD pair, I see that we are bouncing a bit, and it does look like we are ready to go going higher