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.
The US dollar has rallied a bit during the early part of the trading session on Thursday as traders are looking forward to the PCE Price Index announcement on Friday.
The US dollar has been all over the place against the Canadian dollar during trading on Thursday, but still remains in the same range we have been in.
The New Zealand dollar has rallied slightly against the Swiss franc on Thursday, as we continue to see a lot of questions asked about the risk appetite of the overall market.
Bitcoin tried to rally a bit during the early hours on Thursday, but at this point in time, the market simply doesn’t have any real reason to get going.
The Australian dollar has gone back and forth during the trading session on Thursday as we continue to see a lot of questions about the risk appetite and policy divergence of these two central banks.
The US dollar has risen a bit against the Swiss franc during the trading session as interest rates in America continue to be relatively stout.
The US dollar has rallied on Thursday as we are trying to find out whether or not the market can finally break below 17. The Core PCE numbers coming out on Friday could be the next big mover here.
The gold market has rallied slightly during the trading session on Thursday as we wait for the Core PCE numbers in the USA.
The British pound has initially tried to rally a bit during the trading session here on Thursday but gave back gains as we continue to see the idea of rate cuts in England take hold.
The USD/ILS is near the 3.14050 with a wide spread being demonstrated and fast price action having already taken place this morning.
The US dollar jumped against the Japanese yen on Wednesday, as traders are looking to take advantage of the interest rate differential.
The US dollar looks as if it is trying to bounce a bit after a little bit of a drop on Wednesday as the dollar continues to chop back and forth against the Mexican peso. This is a great carry trade pair, which has plenty of momentum longer-term.
There has been a lot of buying pressure in the Asian indices, and the Nikkei 225 will not be any different. Ultimately, this is one of the better opportunities out there.
The gold market continues to see a lot of buyers on each dip.
The British pound has fallen on Wednesday, as we continue to see pressures on this currency.
