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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Following a contraction into the top range of its support zone, the USD/CHF reversed direction and accelerated to the upside.
Bearish momentum in the EUR/JPY is receding as the current sell-off took this currency pair into its short-term support zone.
The British Pound is likely to face more downside pressure as Brexit uncertainty and political turmoil will cause more profit taking.
Yesterday’s industrial production data out of Singapore showed a much bigger contraction in August than economists anticipated which resulted in a sell-off in the Singapore Dollar.
During the trading on Thursday, 26 September 2019, financial markets and investors in the forex market, will be on for an important date with statements by heads of global central banks.
For two consecutive trading sessions, AUD / USD fails to break above the 0.6805 resistance level, and the pair has completed the decline
Since the beginning of this week, the USD / CHF is in a bearish correctional range, pushing it towards the 0.9843 support level, its lowest level in nearly three weeks.
EUR / USD continued to decline strongly reaching the 1.0937 level in light of the US dollar strength and increasing pressure on the single European currency
Recent hopes for a smooth Brexit outlook evaporated, and the GBP / USD pair lost most of its recent gains.
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Investor risk appetite and strong US dollar pushed the gold price to collapse from the $1535 resistance to the $1500 during Wednesday's session before settling around 1510 dollars per at the time of writing.
After four bearish sessions, as the USD / JPY failed to break the 108.47 resistance last week, it was normal for the bears to dominate the pair's performance with a sell-off towards the 106.95 support.
On Monday the Bakkt physically-backed futures contracted started to trade and received a lackluster welcome with depressed trading volume.
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The Australian dollar has broken down significantly during the trading session on Wednesday, reaching below the 0.6750 level before bouncing slightly.
The US dollar has shown signs of strength during the trading session on Wednesday, breaking back above the 50 day EMA as we continue to dance around that significant technical indicator.