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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Ahead of the release of the minutes from the Federal Reserve's latest meeting, the EUR/USD currency pair is holding onto its recent gains, hovering around the resistance level of 1.1130, the highest level for the currency pair in 2024.
As of this writing the USD/RUB is near the 91.73800 mark with fluctuations being displayed at a rapid pace.
In the middle of July the USD/MYR currency pair was trading near the 4.6935 mark as it began to show signs of selling pressure build.
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The British Pound has reached a significant level against the US Dollar amid improving global investor sentiment.
Gold prices soared to a new all-time high of over $2530 per ounce on Tuesday, bolstered by bets on less restrictive monetary policy from major central banks amid ongoing geopolitical concerns.
The US dollar has been fairly negative during the early hours on Tuesday reaching towards the 1.36 level, but we have since seen the Canadian CPI numbers look rather weak
The British pound has rallied again during the trading session on Tuesdays. It looks like we are trying to continue to see the market rise above and make a fresh new high.
The euro has initially rallied a bit during the trading session on Tuesday, but it's worth noting that we are getting dangerously close to a major swing high at the 1.11 level, and in fact have already pulled back just a bit.
This is a pair that is obviously pretty far out there on the risk appetite spectrum.
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It’s easy to see that the US dollar continues to struggle overall.
All things being equal, it looks like we are digging into an area that has a lot of support attached to it, starting at the 355 HUF level, extending down to the 350 HUF level.
The natural gas market initially trying to rally during the early hours on Tuesday but continues to struggle with the idea of the 200 day EMA offering a bit of a ceiling.
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AUD/JPY has given back an attempt to break out to the upside.
The Nikkei 225 initially rally during the early hours on Tuesday, but I can see that this is an asset that might be running out of momentum.
Bitcoin has rallied a bit during the trading session on Tuesday, but it looks like the 50 day EMA has come into the picture to cause a few headaches.