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
Traders who have pursued the USD/SGD the past few weeks have certainly had their technical perceptions tested.
During Wednesday's trading session, the British pound experienced a slight pullback, with significant volatility in the market.
The GBP/USD pair retreated after the FOMC minutes showed that the Fed was committed to implementing more rate hikes.
The EUR/USD continued its bearish trend after the Fed minutes confirmed the fear in Wall Street about the interest rate hike trajectory.
Bitcoin has struggled to retest the year-to-date high of $25,266, which it tested on Sunday.
During Wednesday's trading session, the Australian dollar experienced a slight pullback and continues to test the 0.68 level.
My previous signal on 15th February was not triggered as the bullish price action took place below the support level which I had identified at $0.6886.
The strongest tendency for the performance of the XAU/USD gold price is still bearish, as the bears moved prices toward the support level of $1831 an ounce yesterday.
Increasing expectations about the future of raising US interest rates helped the bulls of the USD/JPY currency pair to move toward the 135.22 resistance level yesterday.
Bonuses & Promotions
During yesterday's trading session, the GBP/USD price got positive momentum from the British economic numbers.
The EUR/USD currency pair's price performance is still stronger towards the downside, and since the beginning of this week's trading, the euro/dollar price is heading down ahead of important and influential data and events.
Gas prices reach their lowest levels in more than two years.
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Without change, Early trading of the TRY/USD stabilized this morning, amid the country's central bank for the price of the Turkish lira by pumping several billion into the markets.
As the USD/INR trades within the upper vicinity of its price range and challenges the 82.8300 level as of this writing, speculators need to practice patience and solid risk-taking tactics.