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 pulled back on Thursday morning as the market reflected on the Fed decision, weak Chinese economic data, and the latest Australian jobs numbers.
My previous USD/JPY signal on 4th May produced a profitable short trade from the bearish rejection of the resistance level at ¥134.83.
The EUR/USD exchange rate rose briefly to its highest levels in June after official data indicated that US inflation was approaching its target and seemed to reduce pressure on the Federal Reserve
Gold futures rose after the annual inflation rate in the United States continued to decline, which made financial markets expect the Federal Reserve to leave US interest rates unchanged on Wednesday.
The British pound rose in the post-UK jobs report against the euro and the dollar, but gains may be limited as investor concerns grow.
Investors strongly abandoned the Japanese yen again, which allowed the bulls to push the USD/JPY currency pair to move towards the 140.30 resistance level.
The Turkish lira traded stable against the US dollar for the second day in a row, after a series of declines that lasted for more than a month amid a wave of lack of optimism.
The incremental progression lower in the USD/BRL has been significant and the currency pair is also correlating to the broad Forex market.
The past week of trading has seen the NZD/USD mount an incremental move upward.
Bonuses & Promotions
The USD/JPY encountered a minor retreat in Tuesday's trading session, although it remained well-supported.
The GBP/USD displayed a strong rally during Tuesday's trading session, breaking above the 1.2550 level.
The S&P 500 exhibited a significant rally during Wednesday's trading session, driven by a prevalent fear of missing out (FOMO) among traders.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Silver experienced a back-and-forth trading session on Tuesday, reflecting the overall volatility in the markets.
The NASDAQ 100 rallied a bit during the trading session again during the trading session on Tuesday, as we continue to see upward pressure.
The EUR/USD experienced a slight rally during Tuesday's trading session, reaching the 50-Day Exponential Moving Average.