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 BTC/USD pair remained in a tight range this week as concerns about the next actions by the Federal Reserve.
The Australian dollar remained under pressure after more signs of a Fed and Reserve Bank of Australia (RBA) divergence emerged.
The price of the TRY/USD declined against the US dollar during early trading this morning, as the dollar pair against the lira recorded new highs.
For two days in a row, the price of the USD/JPY currency pair is exposed amid profit-taking sales, with losses affecting the support level 131.52, and settling around the level of 131.70 at the time of writing the analysis.
The GBP/USD rose to a 10-month high against the dollar on April 4, as the British currency gained a strong start to 2023.
EUR/USD has set itself on track for a sixth week of gains to open the new month.
Strong and continuous downward pressure on the US dollar allowed the gold price, XAU/USD, as expected, to move toward the historical psychological resistance level of $2000 an ounce.
The USD/SGD is trading slightly above important lows as bearish momentum in the currency pair has delivered another solid downward trend.
The USD/BRL has displayed an ability to track lower the past week and a half as it has correlated to the broad Forex market rather well, making it a speculative consideration.
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The GBP/USD rallied during Tuesday's trading session, piercing the 1.25 level, an area of significant psychological importance.
Silver had a mixed trading session on Tuesday, moving back and forth in a narrow range.
The West Texas Intermediate (WTI) crude oil market saw little action during Tuesday's trading session, following Monday's over 5% gap up, which is a bullish sign.
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The GBP/JPY made a significant rally during Tuesday’s trading session, breaking out to a fresh high above the ¥166 level.
The AUD/USD has been facing significant resistance around the 0.68 level in recent trading sessions.