The euro tests crucial long-term support against the pound near 0.82, with risks of a major drop, while traders remain cautious amid eurozone and UK challenges.
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 US dollar holds below 150 yen, with traders eyeing Fed rate cut speculation and bond market shifts, while waiting for signs of a rebound.
The Aussie dollar faces consolidation near 0.6450 as USD strength prevails, with key levels and upcoming jobs data shaping short-term moves.
Top Forex Brokers
In my daily analysis of the commodity markets, the silver market has stood out due to the fact that we are hanging around a large, round, psychologically significant figure.
The US dollar edges higher against the rand, testing 18.4 resistance, with potential moves shaped by inflation and end-of-year profit-taking.
During my daily analysis of the commodities markets, the natural gas market is caught my attention as we are in the midst of fairly obvious consolidation.
During my daily analysis of the cryptocurrency markets, the Ethereum market has caught my attention, because we initially did try to rally.
In my daily analysis of the GBP/USD currency pair, the first thing that comes to mind is that the British pound has taken it on the chin.
The Pound and the US Dollar are swinging around without any clear direction, although there is a valid long-term bullish trend in the US Dollar. Direction here is difficult to predict.
Bonuses & Promotions
During my daily analysis of Bitcoin, it’s obvious that every time we dip, there seems to be a certain amount of traders out there that will be willing to take advantage of making some profit.
Bitcoin price remained on edge, a few points below the year-to-date high of $99,800 and the crucial resistance point at $100,000.
The AUD/USD exchange rate made a bearish breakout as the US dollar rebounded and after mixed economic numbers from Australia. The pair dropped to 0.6460, a few pips above 0.6435.
The EUR/USD exchange rate retreated sharply as concerns about the French government rose. The pair slipped from 1.0600 to 1.0450, its biggest daily decline in over a week.
The Turkish lira weakens as the counterfeit dollar crisis disrupts exporters, with USD/TRY rising amid an ascending price channel and resistance near 35.00.
The GBP/USD pair faces downward pressure amid weak UK economic data and increased demand for the US dollar due to escalating trade war tensions.