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 British pound initially pulled back on Wednesday but then turned around to show signs of strength again as the CPI figures in America came out as expected.
The GBP/USD price rebounded on Wednesday after the relatively mild US inflation data.
The EUR/USD price bounced back on Wednesday after the US published the July inflation numbers.
The AUD/USD remained in a tight range in the overnight session as Canberra state moved into lockdown after a positive COVID case.
The BTC/USD price held steady close to its highest level since May 17 as demand for cryptocurrencies rose.
The USD/ARS remains locked within a powerful bullish trend which has not shown any signs of creating a durable reversal lower.
The trend of the USD/ZAR continues to demonstrate an ability to add value in an incremental fashion, but yesterday’s trading did run into resistance.
Gold is still trying to remain stable above the resistance of $1700 to avoid more violent bearish pressure, which had plunged the price to $1683 earlier this week.
Expectations of an increase in US interest rates helped boost the US dollar against the rest of the other major currencies.
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The GBP/USD is moving in a very narrow range in light of the pound's stubbornness in the face of the strength of the US dollar.
More bearish pressure pushed the EUR/USD to the support level of 1.1710, its lowest of 2021.
XRP/USD has correlated well with the broad cryptocurrency market and has seen its value spike higher in recent trading.
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Sign up to get the latest market updates and free signals directly to your inbox.ADA/USD produced a surge yesterday as the cryptocurrency went from around 1.450000 to 1.740000 and mid-term highs are now being tested.
The euro continues to lose against the US dollar as the Tuesday session was a simple continuation of what we have seen over the last several days.
The British pound initially tried to rally during the trading session on Tuesday but gave up all of the gains at the 50-day EMA yet again.