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
The exchange rate of the euro currency pair against the US dollar stabilized under downward pressure, stable around the support level of 1.0500.
The outlook for the GBP/USD exchange rate has deteriorated significantly with the short-term picture now decidedly bearish.
The USD/CAD has mirrored the results of many major currency pairs as its move lower the past couple of days have run into rather strong support as choppy results flourish the past handful of hours.
The USD/SGD continues to hover near important near-term resistance as Forex conditions within the currency pair remain challenging.
During Monday's trading session, the S&P 500 index showed signs of rallying, further showing the persistent market noise that is common in this index.
The US dollar recovered at the beginning of this week’s trading, but this did not prevent the price of gold (XAU/USD) from maintaining its gains.
Amidst upward stability, the price of the USD/JPY currency pair began this important week’s trading stable around the resistance level of 149.62.
On Monday's trading session, the silver market experienced a minor pullback, notably as the 50-Day Exponential Moving Average came into play.
In Monday's trading session, the natural gas market experienced a minor pullback, but it seems that the critical $3.00 level underneath is poised to provide robust support.
Bonuses & Promotions
The gold market experienced a slight pullback during Monday's trading session, following the overbought conditions witnessed on Friday.
The EUR/USD, the common currency of the European Union, witnessed a fluctuating start to the trading week, with a key level at 1.05 holding significant importance for traders.
The EUR/USD exchange rate crawled back as last week’s dollar sell-off took a breather during the American session.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin price surged briefly to $30,000 as respected media outlets published some ETF fake news.
My previous GBP/USD signal on 2nd October was not triggered, as there was no bullish price action when either of the identified support levels were first reached.
The AUD/USD exchange rate continued its comeback on Tuesday as the US dollar index (DXY) retreated after the Reserve Bank of Australia (RBA) published its minutes.