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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Wednesday’s trading session saw the British pound's initial attempt to rally against the Japanese yen, only to be followed by a retracement.
The USD/TRY stabilized, trading near new all-time highs.
The EUR/USD exchange rate is trading within the high end of its year-to-date range, but the technical background on the charts suggests an uncertain outlook.
For four consecutive trading sessions, the price of the GBP/USD currency pair stabilized in a range between 1.2792 and the support level of 1.2685.
As I mentioned before a lot, the performance of the USD/JPY currency pair will be greatly affected by the course of the policy of global central banks.
The strength of the US dollar still negatively affects the performance of the gold price, which retreated as a result to the support level of $1922 an ounce, before settling around the $1930 level at the time of writing the analysis.
The USD/JPY exhibited a noteworthy rally during the Tuesday trading session, breaking above the crucial ¥142.50 level, and approaching the ¥143.50 level.
Highs in the USD/BRL not seen since the first week in July were challenged yesterday, but after the wave of risk-averse trading was produced, the currency pair began to track lower again.
The NZD/USD sank to mid-term lows late yesterday, in the wake of a more nervous energy being delivered into Forex by downgrades to some mid and small-size U.S banks.
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The S&P 500 index experienced a dip in the early hours of Tuesday's trading session, with its sights set on testing the previous resistance level situated just shy of the 4500 mark.
The silver market continued its downward trajectory during Tuesday's trading session, amplifying concerns as we find ourselves positioned below the pivotal 200-Day Exponential Moving Average (EMA).
The natural gas market witnessed a slight dip during Tuesday's trading session, following a substantial surge the day prior.
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Sign up to get the latest market updates and free signals directly to your inbox.The gold market often proves to be challenging, especially when volatility takes center stage, as observed during Tuesday's active trading session.
In Tuesday's trading session, the EUR/USD exhibited a significant decline, breaching the 50-Day Exponential Moving Average.
During Tuesday's trading session, the USD/JPY displayed some strength, rallying past the ¥142.50 level and nearing ¥143.50.