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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During the early hours of Tuesday, the AUD/USD displayed a degree of unpredictability, initially attempting a rally before revealing signs of weakness.
The GBP/USD price extended its gains on Tuesday evening and Wednesday morning as US bond yields and the US dollar retreated.
The EUR/USD exchange rate continued bouncing back as the market took on a risk-on sentiment.
The BTC/USD pair continued falling as demand for cryptocurrencies waned.
Today’s pivotal point likely to be $0.6388.
In Monday's trading session, the US dollar took a brief step back as markets continued to witness a tug of war between buyers and sellers.
The S&P 500 index encountered an unexpected hurdle at the onset of the trading week, opening with a noticeable gap down.
Amid global concern over developments in the Middle East, investors have increased their interest in buying safe havens, led by both the US dollar and the Japanese yen.
The technical picture for the GBP/USD exchange rate has improved due to the small gains achieved last week
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Silver markets opened the trading week with a flurry of activity, reacting to the Hamas invasion of Israel.
At the beginning of this week's trading, investors returned to buying the US dollar again as a safe haven amid the successive tensions in the world emanating from the oil-rich Middle East region.
The natural gas market embarked on a rally following the opening of trading, spurred by the news emanating from Israel.
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Gold markets experienced a significant gap at the beginning of Monday's trading session following the weekend's invasion of Israel by Hamas.
The price of the Turkish Lira declined against the US dollar during early trading on Tuesday morning, as the dollar recorded its highest levels ever against the lira at levels of 27.87.