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 GBP/USD did ebb higher starting last week and managed a high around the 1.27405 mark on Wednesday.
Last week saw US stocks reach record highs before falling off as the US Dollar advanced. The Forex market was dominated by a weak Japanese Yen and Swiss Franc.
Buyers remained rather strong in WTI Crude Oil last week and a high of 81.750 was seen on Friday.
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Get the weekly Forex forecast for major currency pairs for the week of June 24-29, 2024 here.
The Euro has rallied significantly during the early hours on Thursday as the Swiss National Bank decided to cut rates.
The euro has been choppy against the New Zealand dollar during the early hours on Thursday, as we are testing a major support level.
The kiwi dollar has rallied during the early hours on Thursday to break above the ¥97 level against the Japanese yen, which is also essentially the recent highs
The US dollar has rallied rather significantly against the Singapore dollar during the trading session on Thursday, as we have used the 50-Day EMA as a bit of a springboard.
The US dollar has rallied rather significantly against the Korean won during trading on Thursday, as we continue to see traders look at the tight monetary policy coming out of the Federal Reserve as a major problem for other emerging market currencies.
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The US dollar has continued to plow higher against the Japanese yen during the trading session on Thursday.
The German DAX has rallied pretty significantly during the trading session on Thursday as we continue to see a lot of noisy consolidation.
The S&P 500 did initially rally during electronic overnight trading on Thursday, but it's since given back quite a bit of the gains.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin initially tried to rally during the trading session on Thursday but has given back all of those gains near the 50 day EMA and just plummeted.
Gold has shot higher during the trading session on Thursday, as the Swiss National Bank has cut rates.
Gold prices are trading higher today, Thursday, reaching a two-week high of $2345 an ounce as slowing US economic performance has raised expectations that the Federal Reserve may cut interest rates this year.