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
.jpeg)
The GBP/USD price continued its downtrend after the UK published weak economic numbers, pointing to more Bank of England (BoE) interest rate cuts.
The EUR/USD currency pair was flat after the encouraging US consumer inflation data and ahead of the upcoming European Central Bank (ECB) interest rate decision.
The BTC/USD pair remained in a tight range as the financial market reacted to the latest consumer inflation data.
Top Forex Brokers
Although higher than expected US inflation data yesterday helped push the US Dollar up, the Australian Dollar continues to make strong gains against all other currencies as its role as a risk-on asset makes it attractive now.
Ahead of the release of US inflation data, the most important release before the announcement of the US Federal Reserve's decisions, the EUR/USD pair is trying to recover some of its recent losses.
The Japanese yen has appreciated to over 141 yen against the US dollar, heading towards its highest levels this year amid divergent monetary policies between Japan and the United States.
The pound sterling remained relatively unchanged at $1.3080 as traders digest new economic data and monetary policy outlook.
As of Wednesday's opening, the gold price has stabilized at $2,527 per ounce, as markets await the US inflation report later today for clarity on the potential extent of US interest rate cuts by the Federal Reserve.
The US dollar initially pulled back just a bit during the trading session here on Tuesday, but then it continued the bullish pressure that we had seen from Monday.
Bonuses & Promotions
The US dollar has rallied a little bit during the trading session on a Tuesday following the strength that we had seen on Monday against the Danish Krone.
The Euro has fallen quite a bit during the trading session on Tuesday against the Swiss franc, as it looks at this point in time as we may be getting ready to test that the 0.93 level.
We initially tried to rally during the early hours on Tuesday in the British pound against the Japanese yen, but then fell off of a cliff as we continue to see erratic and spastic behavior time and time again.
The IBEX had initially tried to rally during the trading session on Tuesday but gave back the gains as it looks like we are running out of momentum.
After touching a low of nearly 3.62280 on the 30th of August, the USD/ILS has climbed higher.
The NZD/USD is around the 0.61435 price as of this writing with typical fast changes been seen.