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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Bitcoin has sold off again, and currently looks heavy as it sits on key support at $57,974. A further bearish breakdown seems quite likely.
The Bitcoin market initially rallied a bit during the trading session on Wednesday but continues to struggle with the crucial 50 day EMA.
The GBP/USD exchange rate wavered after the mixed inflation numbers from the UK and the United States.
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The EUR/USD pair continued its recovery as the US dollar index (DXY) and Treasury yields retreated after the US inflation report.
The AUD/USD exchange rate rose slightly on Thursday morning after the country published mixed jobs data.
The USD/ILS currency pair challenged and penetrated below the 3.70000 mark early this morning.
Gold prices dipped below $2,460 per ounce at the start of trading on Wednesday but remained near record highs, benefiting from safe-haven demand amid growing geopolitical tensions.
Amidst a bullish momentum supported by the decline in US inflation figures, the EUR/USD currency pair has returned to the psychological resistance level of 1.1000, bolstering the dominance of bulls.
The NASDAQ 100 rallied a bit during the course of the trading session on Tuesday, as we continue to see a little bit of a risk on the move.
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The US dollar rallied a bit during the course of the early hours on Tuesday but has given back some of the gains.
The British Pound has rallied significantly during the early hours on Tuesday as the PPI numbers in the United States came out weaker than anticipated.
The pair is one that I'm very interested in paying attention to, due to the fact that we have seen the market bounce into the 0.5250 level, an area that has been important multiple times.
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The FTSE 100 was very noisy during trading on Tuesday as we continue to hang around the 50-day EMA.
This morning’s early high was around the 0.60835 vicinity which touched values last seen on the 18th of July.
Bitcoin has risen over recent days, printing new obvious and higher stairstep levels of key support, despite the long-term bearish trend that has been established since the start of June.