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.
The USD/MYR exchange rate has crashed in the past few years, making the Malaysian ringgit one of the best-performing currencies in the market. It tanked from a high of 4.7987 in April 2024 to a low of 3.8840. It rebounded on Wednesday as traders waited for the upcoming Malaysian
The NZD/USD exchange rate rebounded after the US dollar pared back some of the recent gains. It was trading at 0.5945 on Thursday, up substantially from this week's low of 0.5835.
The GBP/USD exchange rate was flat on Thursday as traders focused on new developments in the Middle East, where the war is continuing. It was trading at 1.3375, a few points above this week's low of 1.3257.
Bitcoin price rebounded and surged to the highest point in over a month as traders embraced a risk-on sentiment.
The AUD/USD exchange rate stabilized as the US dollar pared back some of the recent gains. It also rebounded after Australia released strong Australia GDP data. It was trading at 0.7075, much higher than this week’s low o.6945.
Known for their extreme volatility, cryptocurrencies have surprisingly maintained some semblance of stability over the past week amid major geopolitical developments.
Bitcoin initially plunged on Tuesday, but at this point, it is worth noting that the markets recovered, which is impressive, given the external chaos.
British pound rallied against the New Zealand dollar on Tuesday, as the markets are trying to price in risk appetite situation around the world.
The British pound has initially dropped against the Japanese yen, as the markets are trying to determine what risk appetite is going to be as we are dealing with a major war now.
The NASDAQ 100 index continues to see selling in the European and Asian overnight sessions, but once the Americans are left to their own devices, the market shows resilience again.
The US dollar has rallied against most currencies on Tuesday, as we continue to see a lot of concerns out there about the war, and of course any knock-on effects.
The US dollar has rallied against the Japanese yen yet again, as the markets are testing a multi-decade ceiling.
It’s been a volatile session in the USD/CAD pair, as the market continues to price in the idea of oil markets moving on war headlines.
Silver has been all over the place on Thursday, as the markets are trying to react to the strengthening of the US dollar in general.
Gold has crashed on Tuesday as the markets are seeing a strong US dollar overall, and as a result, the market has tested a major region.
