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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Bitcoin is pressuring the cryptocurrency market to the downside and may peak below the $7,000 level yet again.
The US dollar gained a bit during the trading session on Tuesday, breaking the top of a fat hammer that formed on Monday.
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The S&P 500 went back and forth during the trading session on Tuesday as we await the trade tariffs this Sunday.
The NASDAQ 100 gapped lower to kick off the trading session, although just barely.
The Euro rallied significantly during the trading session on Tuesday, reaching towards the 1.11 handle.
The British pound should continue to go higher given enough time, as we are broken above the top of the shooting star from the previous session on Tuesday.
The Australian dollar has gone back and forth during the trading session on Tuesday as we continue to see a serious lack of clarity when it comes to the trade situation and of course we are facing the extension of trade tariffs on the Chinese starting this Sunday.
Last Friday’s strong NFP report had a limited short-term impact, as the US Dollar is once again under pressure.
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The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Tuesday, but then turned around to rally and slam into the $60 level.
Natural gas markets have gapped higher to kick off the trading session on Tuesday as the selloff on Monday was a bit overdone.
GBPUSD: Bearish retracement on narrowing British opinion polls
The gold markets rallied a bit during the trading session on Tuesday but have given back quite a bit of the gains.
Bitcoin markets have drifted a little bit lower during the trading session on Tuesday, showing signs that we are ready to continue to go much lower.
