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 currency pair surged to its highest point since February 2023 as key Australian commodities jumped after China unveiled a series of stimulus measures to boost its economy.
The GBP/USD touched values it had not traded since late February of 2022.
Last week saw a continuation of the dominant risk-on rally, with Gold and the S&P 500 Index reaching new all-time highs. The prospect of a regional war in the Middle East may dampen sentiment.
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WTI Crude Oil went into this weekend near the 68.570 ratio, this after touching a low of almost 66.900 on Thursday.
Get the weekly Forex forecast for major currency pairs for the week of September 30th- October 5th, 2024 here.
During my daily analysis of the GBP/JPY pair, I noticed that we have broken above the crucial ¥194 level, and therefore I think we are getting ready to see a much bigger move.
In my daily analysis of minor currency pairs, one of the ones that has caught my attention more than anything else is the AUD/CHF pair.
During my daily analysis of the commodity markets, I’ve noticed that the West Texas Intermediate Crude Oil market has plunged again, to break down below the $68 level.
During the analysis of exotic currency pairs around the world, I noticed that the US dollar initially fell against the Mexican peso, only to turn around and show signs of life again.
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During my daily analysis of the commodity markets, silver caught my attention as we managed to break above the $32.50 level, showing signs of life.
During Thursday’s trading session, there has been a lot of back-and-forth movement around the 50-day EMA.
The British pound has rallied against the US dollar during the trading session on Thursday as it looks like we are trying to recover some of the losses from the Wednesday session.
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The gold market initially rallied during the trading session on Thursday but started to show signs of exhaustion again.
The New Zealand dollar has rallied a bit against the US dollar during trading on Thursday, in a bid to recover some of the losses from the Wednesday session.
During the trading session on Thursday as I look around the various large currencies and main currency pairs, the US dollar looks as if it is trying to do everything it can to stabilize a bit against the Canadian dollar.