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 EUR/GBP has pulled back during the trading session on Tuesday, as a 0.88 level has offered a significant amount of resistance yet again.
Speculators are warned not to get over confident and remain humble as the NZD/USD continues to demonstrate a serious amount of price momentum upwards.
The USD/INR is near 81.3300 with rather quick price action being exhibited early this morning.
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My previous GBP/USD signal on 18th October was not triggered, as there was no bullish price action when the two support levels which I had identified that day were first reached.
The USD/JPY has drifted a bit lower during the trading session yet again on Tuesday, as we continue to hang around just below the ¥140 level.
The DAX initially tried to rally during the trading session, but by the time the DAX got to €14,400, we started to see a bit of a pullback.
The EUR/USD has rallied significantly during the trading session on Tuesday as the PPI numbers in America came out at “only” 8.0% year-over-year.
The GBP/USD initially shot higher during trading on Tuesday but has pulled back from the crucial 1.20 level as we have seen a lot of volatility during the day.
The BTC/USD continues to act like dead money as it simply sits just below the $18,000 level.
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The EUR/USD price retreated slightly in the overnight session as the strong rally took a breather.
The BTC/USD price remained in a tight range during the overnight session as the fallout surrounding FTX’s collapse continued.
The AUD/USD price rally gained steam after another set of positive American inflation data and the meeting between Xi Jinping and Anthony Albanese.
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The EUR/USD exchange rate could extend its near-term recovery during the trading week, analysts say, although many still see the market as a clear technical situation and not necessarily the beginning of a long-term recovery.
For the second day in a row, the price of the USD/JPY currency pair is trying to rebound higher.
The performance of the British pound this week will look to maintain the previous week's rise of 4.0% against the US dollar