The GBP/USD exchange rate remained on edge ahead of the upcoming UK consumer inflation report.
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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 plunged to its lowest level in over a month as the US dollar index rally continued.
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Bitcoin continued its strong rally, soaring to its highest level since July 29 as the sentiment among investors rose.
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Price action in the USD/BRL on Friday and Monday flirted with values seen in August and September, as financial institutions again have shown more nervousness with the Brazilian Real.
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The possibility of a significant rebound in the GBP/USD exchange rate seems remote in the coming days.
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At the beginning of this week, the euro continued to decline, reaching a support level of $1.0887, its lowest level in two months.
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The Japanese yen has declined to the brink of 150 yen per US dollar, heading towards its lowest levels since early August.
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At the beginning of this week's trading, the price of gold jumped to the resistance level of $ 2,666 per ounce, as geopolitical tensions in the Middle East region increased.
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The USD/SGD has seen additional movement higher in early trading this morning, but has reversed slightly lower.
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During my daily analysis of exotic currency pairs, the USD/INR currency pair has caught my attention as it looks very bullish at the moment.
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In my daily analysis of the NZD/USD currency pair, the first thing I see is that we are going back and forth during the Monday session, as we are trying to figure out what we are going to do.
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In this analysis of the GBP/USD pair, we observed the British pound fluctuating on Monday, repeatedly testing the strong support at the 1.30 level.
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During my daily analysis of the gold market, I have noticed that the market continues to go back and forth, and therefore I think you’ve got a situation where we continue to see a lot of volatility.
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the EUR/JPY pair saw a strong rally during Monday's trading session, kicking off the week with momentum.
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The AUD/USD pair was in a tight range on Tuesday morning and was hovering near its lowest point since September 16.
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