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 AUD/USD price pulled back slightly as traders focused on the upcoming interest rate decision by the Reserve Bank of Australia (RBA) and the Fed.
Crude Oil prices will open this week via the West Texas Intermediate near short term highs.
The GBP/USD continued to attack new highs towards the end of last week, as the U.K government actually managed to have no major missteps.
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Start the week of October 30, 2022 with our Forex forecast focusing on major currency pairs here.
Looking at the British pound, you can see that we have initially tried to rally a bit but have also struggled at the 1.16 level.
The S&P 500 E-mini contract initially tried to rally during the trading session on Thursday but gave back early gain as the mood continues to sour overall.
The NZD/USD has been very noisy during the trading session on Thursday, as the US dollar has been all over the place.
The NASDAQ 100 continues to fall quite significantly during the Thursday session, as we see technology stocks get absolutely hammered.
The EUR/USD has been rather negative during the trading session on Thursday, as the market has seen the European Central Bank raise interest rates to the expected 2%.
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The West Texas Intermediate Crude Oil market has initially pulled back just a bit during the trading session on Thursday, but the 50-Day EMA has offered enough support to turn things around.
The USD/JPY pulled back a bit again during the trading session on Thursday as we tested the ¥145 region.
The gold market initially tried to rally during the trading session on Thursday but gave back gains as we continue to see a lot of noisy behavior and a lot of questions about the interest rate market.
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The AUD/USD initially plunged during trading on Thursday, but the US dollar has been all over the place as people begin to speculate on what the Fed may or may not do going forward.
The exchange rate of the USD/TRY did not change during the early trading Thursday morning.