Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for Tuesday, March 3, 2020 here.
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 Euro has rallied yet again during the trading session on Monday, reaching towards the 1.1175 level,
The West Texas Intermediate Crude Oil market ended up forming a massive bullish engulfing candlestick on Monday to show a real turnaround when it comes to crude oil.
Top Forex Brokers
The S&P 500 has rallied significantly during the trading session on Monday, breaking above the 200 day EMA late in the session.
The natural gas markets have rallied significantly during the trading session on Monday as traders came back to work, as we reached as high as the $1.76 level.
The NASDAQ 100 has exploded to the upside during trading on Monday after initially dropping below the 200 day EMA and the E-mini contract.
The gold markets gapped higher to kick off the trading session during the day on Monday, broke above $1600, and then pulled back towards the 50 day EMA.
The South African Rand has gained against the US dollar during trading on Monday, as the US dollar got hit by just about everything on the planet.
AUD/USD: Looks like the price put in a medium-term bottom
Bonuses & Promotions
The death toll from the Coronavirus in the United States has risen to six and the disease has spread to more countries and capitals around the world, even as the number of new cases in China has fallen to its lowest level in six weeks.
USD/JPY: Stock rally not strongly reflected here
Since the beginning of this week’s trading, gold prices has been instable by trying to rise to the $1611 an ounce, and then returning to the $1584 support before settling around the $1600 level an ounce.
BTC/USD: Higher support at $8,729?
Pressure continue on the GBP and adversely affecting its performance against most other major currencies.
For seven trading sessions in a row, the EUR/USD price is moving in an upward correction and the last three sessions were the strongest among those gains.