My previous GBP/USD signal on 24th October was not triggered, as the bearish price action took place well above the resistance level which I had identified at $1.2226.
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 EUR/USD wavered on the first trading day of November as traders waited for the upcoming Federal Reserve decision.
The BTC/USD pair continued consolidating on Wednesday morning as investors waited for the next catalyst in the crypto industry.
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The AUD/USD exchange rate retreated as traders waited for the upcoming Federal Reserve rate decision.
The price of the TRY/USD during early trading on Tuesday morning, as the Turkish currency recorded its lowest level ever against the US dollar during Asian trading.
The USD/CAD is trading near the 1.38200 level and appears rather calm, but volatility could erupt today and tomorrow as Canadian and U.S data and rhetoric stir Forex.
The USD/SGD has tilted lower since last Friday, and the values being challenged by the currency pair are within important near-term support as speculators decide on direction.
Monday's trading session saw a little rebound in the S&P 500, suggesting that a relief rally may be imminent.
Silver embarked on Monday's trading session with an unmistakable gap higher, reinforcing the bullish fervor that seems to persist.
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The price of gold rose towards the resistance level of $2010 per ounce, its highest level in five months, and stabilizes around the level of $1993 per ounce.
The price of the EUR/USD has been trying to rebound upward with gains that reached the 1.0625 resistance level before settling around the 1.0600 level.
The natural gas market initiated trading with a gap lower, reflecting the persistent erratic behavior seen in recent sessions.
The GBP/USD currency pair moved in a narrow range between the level of 1.2175 and the support level of 1.2069, and stabilized around the level of 1.2150.
The gold market exhibited strength as it opened on Monday, gapping to the upside and signaling potential bullish momentum.
Recently, the currency pair rebounded upward, breaching the psychological resistance of 150.00 again, settling around the resistance level of 150.31.