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.
XRP is down around 13% over the past four weeks, continuing the slide that began when it lost the $1.40 level it had been defending. The decline has been steady rather than sudden, a slow bleed that has pulled price down to the $1.30 area.
USD/CHF recovered from an initial decline following the US midterm elections, with the interest-rate differential continuing to favor the dollar.
Metadescription: Gold rebounds as the dollar weakens and US bond yields ease. Can buying momentum persist, or could resistance and renewed market stress interrupt the recovery?
Bitcoin recovered to approximately $80,510 following the US midterm elections, rebounding from this week's low near $75,800 as risk appetite improved
AUD/USD Forex Signal: Bulls Eye a Break Above 0.7020
GBP/USD climbed toward 1.3500, its highest level since mid-September, as traders prepared for the Bank of England's anticipated interest-rate increase. Technical indicators continue to favor further gains toward 1.3600
After showing a rather steady ability to create a trajectory lower, suddenly traders have been dealt an opportunity to pursue a reversal in the EUR/USD.
EUR/USD traded in a narrow range near 1.1234 as investors awaited Friday's US nonfarm payrolls report.
USD/CAD declined on Wednesday as improving global risk sentiment supported the Canadian dollar, bringing the pair toward its 200-day EMA and 61.8% Fibonacci retracement level.
EUR/USD rallied on Wednesday following the US election results, but the author remains skeptical that the move can last, citing persistent resistance and Europe's unresolved energy concerns.
USD/JPY recovered from early Wednesday losses as traders continued to favor the US dollar over the Japanese yen amid a wide interest-rate differential.
Gold rallied sharply on Wednesday as traders assessed the US election results and their potential implications for the Middle East conflict.
King Crypto has rebounded toward $78,000 after briefly falling to $75,600 as US midterm election results pointed to a Democratic sweep of Congress.
Bitcoin rebounds after an initial sell-off following the US congressional elections. The recovery toward $78,000 improves market sentiment, although resistance at $78,677 and $80,321 leaves the technical outlook uncertain.
AUD/USD continues to weaken despite the Reserve Bank of Australia's decision to raise interest rates to 4.85%.
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