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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Gold continues to pull back a bit in the early hours on Monday, continuing a move that we had seen on Friday.
The EUR/USD is trading near the 1.11680 mark as of this writing on the last day of September. The month of October is likely to be busy for EUR/USD day traders because volatility will remain part of the landscape.
The USD/INR has returned to the higher known price realms it has frequently occupied since late July of this year and speculators pursuing the currency pair likely are trading in the dark.
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The USD/ZAR has produced another month of stronger bearish price action as a more dovish U.S Federal Reserve and optimism regarding the South African government has combined.
The dollar price against the Turkish lira stabilized without significant changes. The pair has varied in a limited trading range over the past four weeks,
Before the end of last week's trading, and as the southeastern United States braced for Hurricane Helene, volatility in the foreign exchange market eased slightly as the market awaited the next major events that could move the market.
The USD/JPY pair rebounded in mid-week trading to reach the resistance level of 144.60, recovering from earlier losses that had taken it to the support level of 142.88.
Around last week’s closing levels, the Euro against the US Dollar EUR/USD is stable at the beginning of trading in an important week led by the announcement of US jobs figures and statements by the US Federal Reserve Governor Jerome Powell.
Gold traded around $2,660 an ounce on Monday, on track for its biggest quarterly gain since early 2016, driven by repeated record highs in recent sessions as confidence grows that the Federal Reserve will deliver more U.S. interest rate cuts.
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The US dollar has rallied a bit against the Indian rupee to challenge the 50-day EMA during the Friday session, which of course is a risk-off sign
In my daily analysis of minor currency pairs, the first thing I notice in the Australian dollar against the Swiss franc is that we continue to dance around between two major moving averages.
The New Zealand dollar initially pulled back a bit during the Friday session, only to turn around and show signs of life again.
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Lower price action going into the weekend for the USD/ZAR has been sustained in early trading today as the currency pair tests technical lows not seen since January of 2023.
The gold market continues to see a lot of volatility but on Friday we saw the profit taking take over the overall attitude.
Technical traders holding onto the belief the USD/MXN exchange rate is overbought are learning a hard lesson about behavioral sentiment.