GBP/USD edges higher as traders await UK inflation data, the Fed decision, and the Bank of England meeting for the next breakout signal.
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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EUR/USD: Bullish Sequence Continues
Gold rebounds from recent lows as traders watch $4500 resistance for confirmation of a stronger bullish reversal.
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EUR/USD attempts a corrective rebound within a bearish channel as traders watch 1.1700 resistance and the Fed decision for direction.
The SP 500 is trading via its futures value near the 7,568.00 mark as of this writing, on last Thursday the index was near a low of almost 7,235.00, this as another sea change in sentiment has taken place.
The Nasdaq 100 is once again finding fast momentum upwards and is near the 30,660.00 mark via futures trading this morning, this after yesterday’s fast climb up on the cash market.
XRP rebounds on US-Iran truce optimism as traders watch whether a rare bullish setup can drive a breakout toward higher targets.
The DAX jumped higher at the open on Monday, as traders continue to watch the Middle East for clues at this point. The markets are looking towards the idea of Friday being a step in the right direction with the agreement signing.
USD/CHF pulls back as US rates fall, but interest rate differentials may still support a rebound above the 200-day EMA.
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GBP/USD: Bullish Channel Contained Within Consolidation Zone
AUD/USD rises after the RBA leaves rates unchanged, with traders watching the FOMC decision and resistance near 0.7250.
Bitcoin rebounds toward $66,700 as risk-on sentiment improves, but traders remain cautious ahead of the FOMC decision.
EUR/USD holds near 1.1600 after risk-on sentiment improves, but a descending channel keeps the short-term outlook cautious.
Silver jumped higher at the open on Monday, as traders continue to price in the idea of “normalcy” with the idea of the Iranians and Americans moving closer to peace.
The SP 500 gapped higher to kick off the week, as traders are looking to celebrate the possibility of peace breaking out in the Middle East. The stock market could possibly be turned around quickly on the wrong headlines.