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 gold market experienced a decline in its performance during the recent trading session, a consequence of the return of full liquidity to the marketplace.
The crude oil markets exhibited a slight uptick in trading activity during Tuesday's session, signaling a phase of consolidation and potential accumulation.
In early morning trading the USD/SGD has jumped upwards and values are suddenly trading near mid-December prices as speculators wonder what has happened to the bearish trend.
The USD/BRL remains seemingly locked within the lower realms of its mid-term price range as support levels are clearly within sight.
The EUR/USD exchange rate has proven to be a resilient pair in recent days.
The pound sterling began trading in 2024 on a positive note, but strong technical resistance and three key data releases in the UK suggest that the downside risks are elevated in the coming days.
Despite the strength of the US dollar, the price of gold (XAU/USD) shows stability, as it stabilizes around the level of $2055 per ounce at the time of writing the analysis.
Since the start of trading this week, the USD/JPY pair has been on an upward bounce, with gains that have reached the resistance level of 146.26.
During Monday's trading session, the US dollar had a significant rally against the Japanese yen, despite limited liquidity due to the observance of Martin Luther King Jr. Day in the United States.
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The Australian dollar experienced a slight retreat in Monday's trading session, reflecting prevailing uncertainties surrounding global risk appetite.
The Gold markets have displayed a degree of noise but have generally trended positively.
The EUR/USD exchange rate moved sideways on Tuesday as geopolitical risks remained and as traders reflected on a hawkish statement from an ECB official.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD pair remained in a consolidation mode as traders assessed the next actions by the Federal Reserve.
Bitcoin moved sideways as the recent Bitcoin ETF hype fizzled out. The BTC/USD pair remained unchanged at 42,900, where it has been stuck at since Friday.
My previous signal on 9th January was not triggered as none of the key support or resistance levels were reached that day.