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.
Most Recent
Crude oil markets experienced a significant selloff in Tuesday's trading session, reflecting the persistent turbulence and uncertainty in the energy sector as it looks like a recession is being baked into the markets.
The AUD/USD remains ensnared in a web of uncertainty as the market approaches a pivotal week featuring central bank announcements.
Short-term bearish momentum suggests heading for $0.6528 support level.
The GBP/USD pair wavered after the mixed UK jobs and US Consumer Price Index (CPI) data.
The EUR/USD pair reacted mildly to the latest US consumer inflation numbers.
Bitcoin price retreated in the overnight session as the recent bullish momentum faded.
Following the performance of last week, the XAU/USD gold price continues to move in its downward trend with losses that extended today to the support level of $1,976 per ounce.
Recently, it was clear that the Bank of Japan's hints that its monetary policy was imminently shifting to an accommodative monetary policy contributed strongly to the price of the Japanese yen moving strongly against the rest of the other major currencies.
The EUR/USD exchange rate is back under pressure and vulnerable to further losses unless the European Central Bank can “conquer” the US Federal Reserve’s policy course this week.
Bonuses & Promotions
The Turkish Lira declined against the dollar during early trading this morning, as it traded near its lowest level ever against the US dollar around the level of 29.02 liras per dollar.
During last week's trading sessions, the exchange rate of the British Pound against the US Dollar “GBP/USD” came under pressure as the impressive November rally failed and turned into a decline.
The USD/BRL will open today still near the higher part of its one month price range, and day traders may find the currency pair speculatively attractive.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The USD/SGD has reversed lower after touching yesterday’s highs which tested values last seen on the 17th of November and traders need to prepare for volatility.
The gold market experienced another decline during Monday's trading session, under the weight of persistent downward pressure.
The EUR/USD embarked on a rollercoaster journey throughout Monday's trading session, a reflection of its ongoing tussle with the critical 200-Day Exponential Moving Average.