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 AUD/USD exchange rate was relatively unchanged on Monday as concerns about the rising bond yields and US government shutdown continued.
The GBP/USD freefall gained steam and reached the lowest level since March 28th.
The EUR/USD exchange rate moved sideways on Monday morning and remained at the lowest level since March.
Bitcoin price pulled back last week as a sense of fear spread in the financial market.
The GBP/USD has continued to deliver fast trading, and the currency pair’s momentum lower late last week was sparked by the Bank of England’s rate decision.
The days ahead for WTI Crude Oil promise to be rather dynamic as the commodity remains within sight of highs and U.S Gross Domestic Product data is delivered later this week.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of September 24th, 2023 here.
A more hawkish than expected forecast by the US Federal Reserve concerning interest rates has sent the US Dollar higher, stocks lower, and most risky assets have either sold off or failed to rally significantly. However, a few commodities are still enjoying bull markets.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Bonuses & Promotions
The S&P 500 experienced an early plunge during Thursday's trading session, reflecting the prevailing concerns surrounding global growth prospects.
Silver markets initiated Thursday's trading session with a significant downward gap, signaling a prevailing negative sentiment.
Natural gas markets have recently displayed a subtle retreat, characterized by a persistent pattern revolving around the 50-day Exponential Moving Average.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD experienced an initial sharp decline during Thursday's trading session, reflecting the persistent market noise and uncertainty.
The GBP/USD experienced a substantial decline during Thursday's trading session, driven by the Bank of England's unexpected decision to maintain its existing monetary policy stance.
During Thursday's trading session, the USD/JPY exhibited noticeable volatility.