The US dollar has fallen against the Brazilian Real during the trading session on Tuesday, slicing through the 50 day EMA again, and closing towards the bottom of the range.
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
The silver market had a rough trading session on Tuesday, as the $19.00 level continues offer massive resistance.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Tuesday, finally entering the gap and thereby looking highly likely to fill that gap over time.
Top Forex Brokers
USD/JPY: Real story is weak Japanese Yen
BTC/USD: Yet still supported from $9,000 / $9,500 area
GBP/USD: Testing key round number at 1.2600
EUR/USD: New 50-day high closing price yesterday
The gold markets have initially tried to break out during the trading session on Tuesday but then pulled back to reach into the middle of the triangle from a longer-term standpoint.
Warnings from the South African Reserve Bank (SARB) regarding acceleration in government debt are echoed across the global financial system.
Bonuses & Promotions
Deflation fears across the Eurozone are on the rise, adding to a growing list of concerns for the European Central Bank to address.
Retail traders ignore data suggesting a more lengthy recovery, as evidenced in the acceleration of global risk-on sentiment,
After recent downward correction moves, the USD/JPY pair is trying to return to the vicinity of the 108.00 resistance to avoid further collapse.
Despite strong gains in global stock markets, amid increasing optimism among investors about the reopening of the global economy.
A strong start for the pound this week, and the share of the GBP/USD pair pushed it towards the 1.2506 resistance, it’s highest in a month, before settling around the 1.2488 level in the beginning of trading today.
For the sixth consecutive day, the EUR/USD pair has moved in the range of its channel to correct upwards, with gains reaching the 1.1153 resistance, the highest level in two and a half months, before settling around the 1.1135 level at the time of writing.