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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As the risk-on mood is showing signs of fatigue, the Japanese Yen could see a slow inflow of capital from risk averse traders.
Volatility in the Canadian Dollar increase after the Bank of Canada opened the door to a possible interest rate cut, but bond markets in the US suggests that pressure on interest rates may be to the upside.
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USDCHF Analysis: Strong resistance likely at 0.9945
EURUSD: Today’s pivotal point likely to be 1.1063
Australian economic data was mixed, Chinese data came in a touch softer and overall global data showed that the economy remains fragile at best.
The US dollar has rebounded against the other major currencies for three trading sessions in a row, and the USD/JPY price rises from the 107.88 support to the 108.82 resistance at the time of writing
The US dollar returned to rise after better results from the US jobs report, and increased investor risk appetite with reassuring remarks from both sides of the global trade war that the deal was near.
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The future of the Pound will depend on the next general election on December 12, as UK citizens will have an opportunity to make a decisive judgment on how Britain will exit from the EU.
After three unsuccessful attempts to break above the 1.1175 resistance, it was normal for the EUR/USD to correct down towards the 1.1127 support.
AUDUSD: Bullish but running into strong resistance
The US dollar has gapped higher to kick off the week, and then shot much higher
The Bitcoin markets have rallied about 1% during the trading session on Monday, as the market continues to go back and forth overall