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 EUR/USD currency pair has been declining since the beginning of the week due to risk-off flows, weak September inflation figures in the region, and mixed
The GBP/USD exchange rate pulled back sharply as investors embraced a risk-off sentiment in the market.
The EUR/USD exchange rate retreated for four consecutive days, reaching its lowest point since September 12 as the US dollar comeback continued.
Top Forex Brokers
On my daily analysis of the yen -related currency pairs, I noticed that the AUD/JPY pair has rallied rather significantly to reach above the ¥100 level.
The Australian dollar pulled back on Thursday, continuing a trend that has been going on after it peaked at 0.6942.
During my daily analysis of major currency pairs, the USD/CAD pair captures my attention due to the fact that we are heading toward a major support level.
Bitcoin suffered a harsh reversal this week after finding a strong resistance at $66,000 last week.
The US dollar is seeing increased demand at the start of the new month and quarter, buoyed by the latest guidance from Federal Reserve Chair Jerome Powell regarding US interest rates.
The EUR/USD exchange rate is poised to decline for the third consecutive day, driven by a decline in September's Eurozone inflation figures and diverging communications between global central banks.
Bonuses & Promotions
The downwards momentum in the NZD/USD the past two days of trading has brought the currency pair back to curious technical support ratios which are likely to attract speculative wagers.
The price of gold has rebounded above $2,670 per ounce after two consecutive sessions of decline.
The Japanese yen fell below 144 against the US dollar, falling for the second consecutive session, after US Federal Reserve Chairman Jerome Powell dismissed bets on further large cuts to US interest rates.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
Last night’s barrage of missiles into Israel certainly caused nervousness in financial institutions and the USD/ILS did trade upwards.
The Euro Stoxx 50 fell rather significantly during the trading session on Tuesday, which is not a huge surprise considering that CPI is now below the 2% target that the ECB dictates.
The US Dollar has strengthened as the prospect of all-out war in the Middle East grows following Iran’s attack on Israel. The price seems to have made a convincing top, so the outlook is bearish but consolidative over the short term.