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
Although we had seen a lot of bullish pressure early during the trading session in the German index, we gave up all of the gains to show signs of exhaustion.
I see that the USD/JPY currency pair has found quite a few buyers on a pullback.
The Australian dollar continued its relentless bull run.
Top Forex Brokers
Comments from Fed Chair Jerome Powell and lower than expected global inflation data releases boosted risk-on sentiment, sending the US Dollar lower and riskier assets like equity indices to new record highs.
Friday’s trading in the GBP/USD produced solid gains early and managed to go into the weekend extending the climb.
Speculators should brace for a test of WTI Crude Oil prices early this week as full trading volumes return to the commodity.
Get the weekly Forex forecast for major currency pairs for the week of July 08-13, 2024 here.
During my daily analysis of the Netherlands 25, I recognize that this asset is ready to break out, and this index is one that may not be on your radar.
In my daily EUR/GBP analysis, I can see that the euro has initially fallen during the early hours on Thursday only to turn around and show signs of life again.
Bonuses & Promotions
In my daily AUD/CHF analysis, I recognize that we have an Australian dollar that has gone straight up in the air for the last couple of weeks, but it is starting to get overbought by just about any metric.
In my daily Copper analysis, I recognize that this asset could be on the verge of breaking out to the upside.
The British pound has rallied rather significantly during the course of the trading session on Thursday but gave back gains above the 1.15 level.
The German DAX has rallied again during trading on Thursday as we continue to see a lot of support.
The Swiss franc initially pulled back just a bit against the Japanese yen during the trading session on Thursday, but then turned around to show signs of strength.
Bitcoin has fallen a bit against the US dollar during the trading session on Thursday as we continue to see a lot of negativity.