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 market is likely to continue to see a lot of volatility from what I see, and at this point in time I think we’ve got a situation where traders will have to look at this through the possibility of trying to find value wherever we can.
There are a lot of different things coming around at the same time when it comes to technical analysis of the CAD/JPY pair, and therefore I think it’s worth noting that the market is at an interesting place that a lot of people will be paying close attention to.
The S&P 500 pulled back just a bit during the trading session on Monday as we continue to see a lot of noisy trading overall.
The GBP/USD pair has stood out a bit, as it looks like we are rapidly approaching a confluence of potential support based on technical analysis and market history.
The Aussie dollar has fallen pretty significantly during the early hours on Monday as we are approaching the 50 day EMA.
The USD/CHF pair continues to see a lot of noisy behavior near the 0.86 level, and this has caught my attention.
The USD/MXN pair currently sits on the 50 Day EMA indicator.
The GBP/USD pair continued retreating, falling to its lowest point since September 12 as the US dollar index (DXY) and Treasury yields bounced back.
The EUR/USD currency pair continued its recent sell-off as investors embraced a risk-off sentiment in the market.
Bitcoin held steady in the overnight session even as American stocks continued its downward trend.
A resurgent US Dollar on strong US economic data has continued to push the Aussie lower for several days, creating a solid bullish price channel. The price is now testing a key support level, at which it may be oversold.
The US dollar against the Turkish lira has stabilized within the same trading range it has been moving in for the past few weeks.
At the beginning of this week, the weakness of the Japanese yen prompted new verbal warnings.
In recent trading sessions, the GBP/USD exchange rate has fallen to its lowest level since mid-September at the 1.3070 support level after reports indicated that the US economy added 254,000 non-farm jobs in September, exceeding expectations of a reading of 147,000 jobs.
At the end of last week, the US dollar strengthened against other major currencies as the likelihood of a 50-basis point interest rate cut in November diminished.
