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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President Trump’s talk about tariffs and economic threats against China are stifling risk sentiment and hitting the Aussie, while the USD is showing a bit of a recovery after selling off for the past few weeks.
At the start of this week's trading, spot gold prices moved to a new historic record high, reaching the $2956 per ounce resistance level, and are stabilizing
The U S dollar has gone back and forth during the trading session on Monday against the Swiss Franc. As we continue to dig into this previous noisy behavior, this is an area that should offer a bit of support and it'll be interesting to see if we can turn around and take out the 0.90 level above. After all, I don't really care what people think about the bond market.
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Bulls are trying to maintain the EUR/USD exchange rate stable around and above the 1.0500 resistance, aided by hopes for a quick resolution to the German
The USD/BRL closed trading yesterday around the 5.7785 ratio, finishing near a high last seen on the 13th of February as financial institutions consider nervous near-term outlooks.
The Euro has gone back and forth during the course of the trading session on Monday, as we're hanging around the 50 day EMA
During the trading session on Monday, we've seen the US dollar rally a bit against multiple currencies. And of course, the Mexican peso was never going to be any different. The market has been consolidating for some time. And quite frankly, I don't know that changes anytime soon mainly due to the fact that a lot of the reasons that we have been seeing the US dollar grind back and forth against the Mexican peso are still very valid
The British Pound has rallied a bit in the early hours of Monday, as we continue to see a lot of noisy behavior, but I also recognize that this is a market that is paying close attention to multiple things at the same time. Keep in mind that the British Pound against the Japanese yen is considered to be a risk sensitive currency pair as the British pound offers more in the way of interest rates and swap than the Japanese yen, which of course has been the victim of the carry trade for years. However, the bank of Japan now is suggesting that they are going to raise interest rates to 0.75% by the end of the year
The British pound has been all over the place during the trading session on Monday against the Swiss Franc, which makes a certain amount of sense because quite frankly, nobody really knows what they want to do with risk appetite
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The GBP/USD pair continued rising this week and reached a high of 1.2637, its highest level since December 19. It has rebounded and crossed key resistance levels as the US dollar index (DXY) retreat gains steam.
USD holds support at 1.4180 vs CAD. A move above the 50-day EMA may target 1.43; below 1.4150 could prompt further falls.
The EUR/USD exchange rate was unchanged after the latest European inflation data and the weekend German election. The pair was trading at 1.0480, a crucial resistance level, ahead of the upcoming US consumer confidence data. It has risen by 3% from its lowest level this year.
The BTC/USD exchange rate remained under pressure on Tuesday morning as concerns about tariffs and the upcoming tariffs from the United States rose.
USD/JPY is testing support at 1.4850 amid high US vs. BOJ rates. A break above Friday's candle could push it to ¥152.
NASDAQ 100 sits at its 50 Day EMA; despite a double top, bullish sentiment may push it toward 22K.