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.
The AUD/USD displayed a remarkable surge during Tuesday's trading session, and this abrupt upward movement was primarily attributed to the release of Consumer Price Index figures in the United States, which turned out to be cooler than initially expected.
The GBP/USD exchange rate made a bullish breakout after a hawkish statement by the Bank of England (BoE) economist and after the weak US Consumer Price Index (CPI) data.
The EUR/USD exchange rate bounced back to its highest point since August 31st after the weak US consumer inflation data.
The AUD/USD pair went vertical in the American session after the encouraging US Consumer Price Index (CPI) data.
The USD/CAD is within the higher elements of its near-term range, but nervous conditions are evident as important U.S inflation statistics are on the schedule.
The USD/SGD has made a high this morning near the 1.36175 vicinity, but has seen a slight reversal lower while near-term resistance levels raise speculative eyebrows.
The USD/JPY witnessed another bout of depreciation against the US dollar on Monday, as the ongoing upward momentum persists.
The EUR/USD initially made an attempt to stage a rally during Monday's trading session but subsequently relinquished some of its momentum, displaying signs of indecision.
After a series of five consecutive daily losses, it is difficult to describe the outlook for GBP/USD as anything other than weak.
Crude oil markets experienced an initial downward movement at the beginning of Monday's trading session but later exhibited signs of resurgence.
The demand to buy the US dollar as a safe haven, are factors that helped bulls a lot to move again in the USD/JPY currency pair.
The British pound initially made a push higher during Monday's trading session but later relinquished a significant portion of its gains against the US dollar.
The GBP/JPY displayed a modest rally in Monday's trading session, pushing toward the upper boundary of the recent consolidation range.
During Monday's trading session, the S&P 500 experienced a minor pullback, testing the previous downtrend line for support.
In the recent trading session, the silver market experienced a slight decline, indicating a potential pullback. This shift in market dynamics has brought the $22 level into sharp focus.
