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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Sometimes it is about what a market won't do more than anything else. The fact that we haven’t fallen apart is somewhat surprising.
The 1.16 level continues to see a bit of a ceiling being formed in the pair, as we are seeing the dollar strengthen overall.
The Bitcoin market continues to see a lot of volatility at this point in time, as rates in the US continue to strengthen, and this makes riskier assets a bit difficult to hang onto.
The British pound fell hard on Friday, as traders continue to see a lot of fear in the markets, using the Swiss franc as a safety asset.
The US dollar has dropped slightly against the Loonie on Friday, as we see a lot of noise, due to interest rates rising in the USA, and the oil markets rising simultaneously.
The US dollar has rallied quite significantly on Friday, as traders continue to watch the overall interest rate markets.
The US dollar rose against the Mexican peso, as we continue to see rates rise in the United States.
The GBP/USD exchange rate wavered after the Federal Reserve and the Bank of England (BoE) delivered their interest rate decisions. It dropped to 1.3340, a few points below last week’s high of 1.3470, with investors focusing on key macro data from the UK.
The EUR/USD exchange rate rebounded after last week’s central bank decisions by the Federal Reserve and the ECB. It jumped to 1.1622 from this month's low of 1.1408.
The AUD/USD exchange rate has remained in a narrow range since February. It was trading at 0.7020 on Monday, a few points below the year-to-date high of 0.7180.
The GBP/USD like all major currency pairs remains locked within a fairly vicious cycle, which is making day trading a rather tough affair for speculative wagers in the near-term, and things might not change soon.
The escalating war in the middle east is pushing energies higher and stocks lower, while broadly hawkish central banks are pushing up yields.
A price of 98.100 finished the week of trading in WTI Crude Oil on Friday. While that price remains high for all, believe it or not the value is actually below the previous week’s finish.
Major assets show mixed behavior under pressure from elevated rates and a strong dollar. FX, metals, and equities reflect caution and limited momentum.
USD/JPY remains bullish overall, but the 160 level is still a major barrier, with pullbacks likely to find support near 158 and 156 before another breakout attempt.
