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 EUR/USD fell a bit during the trading session on Thursday, as the ECB raised interest rates by 25 basis points.
On Thursday's trading session, the British pound experienced a modest decline, with a slight rebound observed from recent lows.
Wednesday witnessed a temporary dip in the silver market, leaving traders with questions about the metal's future trajectory.
The S&P 500 has maintained a sense of calm while eagerly awaiting the release of the Consumer Price Index (CPI) figures from the United States, as well as the European Central Bank's interest rate decision.
For a noteworthy shift in market dynamics, a breach above the 200-day EMA is a prerequisite.
The crude oil market witnessed a notable rally during Wednesday's trading session, as upward pressure continued to dominate the commodity's landscape.
The American inflation figures were in favor of the dollar's gains and the Bank of Japan's accommodative policy continued.
The selling pressure on gold increased in light of the continuation of the positive momentum of the US dollar from the announcement of the US inflation reading being stronger than expected.
Sterling came under pressure in mid-week trading after data showed an unexpectedly sharp drop in British economic growth in July.
Bonuses & Promotions
During yesterday's trading, the struggling euro regained its strength to record a positive daily close against both the dollar and the pound.
The GBP/JPY initially faced a minor setback against the Japanese yen during Wednesday's trading session but quickly regained its footing, continuing the ongoing recovery.
The USD/JPY is near important long-term resistance as global financial markets continue to demonstrate a rather high degree of short-term nervousness.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.BTC/USD is continuing to trade within the upper realms of its near-term range technically, speculations with a taste for adventure may find charts inviting.
The USD/JPY has been on an impressive ascent, signaling a clear path for further gains in the currency market.
The AUD/USD had a turbulent ride during Wednesday's trading session, with the currency oscillating around the 0.64 level.