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
Following the release of the Australian employment report, which came in roughly in line with expectations, the Australian Dollar drifted to the downside.
The rising risk appetite is undoubtedly hurting the price of gold as an ideal safe haven and has pushed it to the $1477 support level during Tuesday's trading session before settling around $1483 at the time of writing.
Investors' risk appetite increased as financial markets were optimistic about the US-China trade agreement that helped to extend the USD/JPY gains, which successfully breached the important 108.50 resistance and completed the rise to 108.90 before settling around 108.65 at the time of writing.
Continued optimism about the possibility of an agreement between the parties of the Brexit helped the GBP/USD pair to complete strong gains, which led the during Tuesday's session to test the 1.2798 resistance, a five-months high, before settling around 1.2746 at the time of writing.
Ahead of the release of important inflation figures from the Eurozone, the price of the EUR/USD has been moving in a limited range since the beginning of this week between 1.0991 tested yesterday and 1.1046, as the euro lacks the momentum and incentives to achieve further gains as expectations continue that the Eurozone economy will continue to suffer as global trade wars continue.
Overall bearishness remains across the cryptocurrency sector with Bitcoin leading the drift lower.
Singapore has avoided a technical recession as the preliminary third-quarter GDP expanded, but annualized growth barely avoided a standstill.
Optimism about a Brexit deal by the end of this week’s EU summit, which will start tomorrow and conclude on Friday, have pushed the British Pound to a multi-month high.
Optimism about a real US-China trade deal is fading quickly, especially after the US House of Representatives passed the “Hong Kong Human Rights And Democracy Act” which supports anti-government protesters.
Bonuses & Promotions
NZDUSD: More bearish below 0.6250
AUDUSD: Support at 0.6731 pivotal today
USDJPY: Pivotal area from 108.60 to 109.00
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin: More bearish below $8,047
USDCAD: Today’s pivotal point likely to be 1.3177
USDCHF Analysis: Trendless ranging price action