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.
USD/CHF declined on Thursday as falling US Treasury yields temporarily weakened the dollar and prompted some unwinding of carry trades.
EUR/USD rebounded on Thursday as falling US Treasury yields weakened the dollar despite stronger-than-expected US inflation data.
Copper rebounded from the key $6.50 support level on Thursday as supply concerns linked to a labor dispute in Chile and signs of improving Chinese demand supported the bullish outlook.
AUD/USD fell sharply on Thursday after Australia unexpectedly lost more than 39,000 jobs, triggering a steep decline in expectations for an RBA interest rate hike.
GBP/USD rebounded from the 1.32 level on Thursday as falling US Treasury yields weakened the dollar despite stronger-than-expected US inflation data.
Gold prices rebounded on Thursday as falling US Treasury yields provided relief amid a sharp selloff in Asian technology stocks.
The past week turned the trend. After a month that barely added ground, up less than 2%, BNB has fallen around 6% over the past seven days.
USD/MXN has rallied toward the key 18.50 resistance level following hotter-than-expected US inflation data and rising Treasury yields.
Technically Gold may look like an interesting place to test market momentum and this in fact may be true.
AUD/USD Forex Signal: Bearish Breakdown After US CPI
Bitcoin slipped below $82,000 as stronger US inflation, elevated Treasury yields, and ETF outflows weighed on demand.
GBP/USD dropped to its lowest level since June after stronger-than-expected US inflation boosted the dollar and raised expectations of further Federal Reserve tightening.
A quick glance at Fiber this morning, if you were not paying attention yesterday, may lead you to believe everything is calm and Forex is rather comfortable. You would be wrong, however.
EUR/USD remains under strong selling pressure after six consecutive weeks of declines, as hotter-than-expected US inflation strengthens expectations of another Federal Reserve rate hike.
USD/JPY rallied toward ¥159 on Wednesday after hotter-than-expected US CPI data pushed Treasury yields higher, strengthening the dollar against the yen.
