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 tried to rally during the trading session on Wednesday in anticipation of the Federal Reserve interest rate cut.
The natural gas markets have rallied rather significantly during the trading session on Wednesday, slicing through the $2.20 level.
Gold markets fell rather hard after the interest rate announcement and even leading into it on Wednesday but have found support at a crucial level underneath.
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The Euro has been very soft during most of the month of July, and as we head into the month of August, we are sitting at the 1.11 region.
The British pound has broken down rather significantly late in the month of August, as we continue to see a lot of negativity around Sterling in general.
The Australian dollar has had a couple of rough weeks late in the month of July, and that could continue as we are in a strong downtrend.
The British pound has continued to sell off during the month of July, closing below the 1.2350 level quite handily.
The US dollar has rallied against the Canadian dollar late during the month of August, and furthermore has broken the back of several inverted hammers on the weekly chart.
The EUR/USD pair did not do a lot for several consecutive sessions and is settling around the 1.1160 level at the time of writing.
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In just two trading sessions, the GBP / USD pair lost a total of 260 points to the 1.2119 support level, its lowest level in 28 months, before settling around 1.2165 at the time of writing.
For four consecutive trading sessions, gold prices are moving in a bullish correction from the support level of $1413/ounce, gaining to resistance of $1433/ounce, and is stable around there at the time of writing.
The price of the USD/JPY pair appears to be silent for four sessions in a row moving in a limited range awaiting the breaking point as the Federal Reserve announces its monetary policy.
AUDUSD: Stronger inflation data gives AUD a boost