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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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Gold prices ended Tuesday’s session down $2.32 an ounce as the dollar rebounded and traders locked in profits ahead of the release of the minutes from the Federal Reserve’s September 25-26 policy meeting.
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The Euro gapped lower initially during the trading session on Monday to kick off the week, but then rallied towards the 1.16 level above.
Bitcoin had an interesting session on Wednesday, initially spiking higher and breaking above the downtrend line that we have seen on the chart for so long.
The US dollar initially fell against the Japanese yen during trading on Monday, testing the ¥111.50 level, which is also the scene of the 61.8% Fibonacci retracement level from the most recent rally.
Monday was a wild session for crude oil, simply because as we started out the trading session, energy markets gapped higher as tensions between the United States and Saudi Arabia picked up.