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 AUD/USD pair was flat on Monday morning as traders continued focusing on the upcoming Federal Reserve and Reserve Bank of Australia (RBA) decisions.
The US dollar has broken significantly to the downside to reach towards the 0.84 level.
The first thing I see is that the 1.36 level continues to be very resistive.
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It's easy to see that the US dollar falling against the Hungarian forint is something worth paying attention to.
The West Texas Intermediate Crude Oil market is that the $70 level has been like a brick wall.
Last week saw mixed sentiment and unexpectedly robust US CPI and PPI data, which cast doubt on the anticipated fast pace of approaching rate hikes by the Federal Reserve. This boosted the USD, although markets resumed moving in the direction of long-term trends by the end of the week.
Trading in the GBP/USD last week was full of volatile reversals and since the last week of August the currency pair has proven difficult for traders looking to latch onto a trend and ride momentum.
WTI Crude Oil touched the 70.400 vicinity on Friday, which was a high for the week and challenged values seen the previous Friday.
Get the weekly Forex forecast for major currency pairs for the week of September 16-21, 2024 here.
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The British pound has rallied rather significantly against the Swiss Franc as it looks like we are continuing to try to do something about the bullish flag that we had been in for a while.
The Euro had initially tried to rally during the trading session on Thursday, but it looks like the 1.80 level continues to offer significant resistance at this point in time.
Gold has exploded to the upside during trading on Thursday as we continue to see more risk on behavior as the US dollar gets dumped.
The Australian Stock Exchange has rallied rather significantly during the trading session on Thursday as we continue to see a lot of noisy trading.
As you can see, the market rallied quite a bit in the early hours on Thursday. And now as we head into Friday, it looks like we're going to try to fill the gap from the beginning of the week.
In my daily analysis of global indices, the EuroStoxx 50 looks very interesting, as it has pressured the 50-Day EMA above.