The ability of the USD/SGD to touch a low of nearly 1.29980 early this Monday highlighted the strength of the Singapore Dollar as it challenged levels within the currency pair that had last been seen in November of 2014.
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.
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The euro initially did rally against the yen during the trading session on Tuesday but has been completely wiped out at this point.
After the overreaction and fall of the NZD/USD in the immediate wake caused by the interest rate cut in New Zealand, financial institutions began to show a bullish outlook.
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The British pound has rallied pretty significantly during the trading session on Tuesday against the Aussie dollar as we are now above the 1.95 level.
Silver has been very choppy during the trading session on Tuesday and in my daily analysis looking through the commodity markets it's likely that we see a lot of choppiness as traders are trying to sort out whether or not the global growth situation is going to be helpful or hurtful to the silver market.
Bitcoin price retreated for the third consecutive day as the coin lost momentum.
It’s obvious that the market has nowhere to be.
It’s obvious that the euro is a little overextended at the moment.
The New Zealand dollar is very positive at the moment.
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The Australian dollar has been slightly positive during trading on Tuesday as we continue to see an overall upward pressure in this market that traders have been paying close attention to.
This asset has pulled back from a significant technical indicator in the form of the 200-Day EMA.
The British pound continued its strong rally this week, jumping to its highest point since March 2022.
The EUR/USD exchange rate soared to its highest point since July 2023 as the greenback resumed its downward trend.
The AUD/USD exchange rate stalled at an important level as traders continued reflecting on Jerome Powell’s statement on Friday.
The price of gold rose above $2,525 per ounce at the beginning of trading this week, reaching record levels touched last week after Federal Reserve Chairman