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.
Most Recent
Bitcoin has come under pressure in the past few weeks as it continued to underperform key assets like stocks.
Gold initially tried to rally during the trading session on Friday but gave back gains as we continue to see a lot of volatility.
After reaching a new 8-month high and almost taking out the 2024 high last week, the Aussie has found some support after dropping to the major quarter-number at $0.6750.
Top Forex Brokers
Last week, the US Dollar recovered after economic data showed unexpected strength in the US economy, calling into question the Federal Reserve's post-September rate cuts. Stock markets ended the week mostly higher.
USD/INR: Higher Values Pursuing a Cautious Bumpy Trade Route
USD/ZAR: Healthy Bearish Trend Sustains Lower Trading Values
EUR/USD: Price Velocity and Momentum as Volatility Remains
Get the weekly Forex forecast for major currency pairs for the week of September 02-07, 2024 here.
The US dollar has shot straight up in the air like a rocket against the Mexican peso during the month of August, as we are threatening to break above the 20 pesos level.
Bonuses & Promotions
The NASDAQ 100 has seen quite a bit of volatility during the month of August, but quite frankly we have seen buyers come in and pick this market up off of a floor that was formed by the 50-Week EMA.
The S&P 500 has seen quite a bit of buying pressure during the month of August after selling off viciously during the previous month.
Gold continues to be very positive, as the month of August has been very strong.
The West Texas Intermediate Crude Oil market, or US Oil, has been all over the place during the month of August, basically settling unchanged.
In our analysis of crude oil, you can see that the market did rally a bit during the early hours on Thursday but has pulled back a bit from the 50 day EMA.
The US dollar has fallen against the Chinese yuan during the trading session on Thursday to reach the 7.08 level, an area that's been important multiple times.