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 price has held relatively steady this week as traders waited for the next catalyst and as the US dollar retreated.
The Japanese yen rose to around 155.80 yen against the US dollar, hovering near its strongest level in two weeks as the US dollar weakened on the back of weak US manufacturing data that supported expectations of rate cuts by the Federal Reserve.
GBP/USD has been gaining ground against the US dollar since the start of trading this week, with markets cautiously awaiting US jobs data at the end of the week.
Top Forex Brokers
What is the euro against the dollar exchange rate forecast for this week? We expect a test of 1.09 and a potential breakout from the May range, but US Labor market numbers must come in weak.
Gold prices hovered around $2,352 an ounce during Tuesday's trading, after posting gains in the previous session supported by growing expectations of monetary policy easing by major global central banks.
This is an interesting pair at the moment because we have seen a massive plunge as of late and the question now is whether or not support can hold somewhere near the 0.97 level.
The currency pair is back within its lower depths seen around the 22nd of May.
The euro has rallied quite nicely during the trading session on Monday against the Canadian dollar, as we continue to see a lot of support just below near the 1.4750 level.
Support for the USD/BRL had mostly been seen around the 5.2200 level the past handful of days, but yesterday’s selloff definitely took the currency pair lower.
Bonuses & Promotions
The euro shot higher in the early hours against the British pound on Monday, but just as we had seen on Friday, it looks like there is still a lot of selling pressure.
The US dollar initially tried to rally a bit during the trading session on Monday, but as the session dragged on, we started to see the Singapore dollar strengthen.
The Swiss franc has rallied again during the trading session on Monday as we continue to see a lot of negativity when it comes to the Japanese yen.
The US dollar has rallied a bit against the Canadian dollar during the trading session on Monday.
Silver fell initially during the trading session on Monday only to turn on the show signs of life again.
The British pound initially pulled back a bit against the US dollar in the early hours on Monday but has since really started to take off to the upside.