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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The Australian dollar went back and forth during the trading session on Tuesday, showing that we still essentially have nowhere to be due to the Australian dollar being held hostage
The West Texas Intermediate Crude Oil market rallied initially during the trading session on Tuesday but gave back some of the gains to form a less than impressive candlestick.
Natural gas markets have broken down a bit during the trading session on Tuesday, slicing through significant support and finally showing a little bit of conviction
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Bitcoin has been getting battered over the last couple of weeks, and at this point I expected to see some type of bounce due to the fact that we had formed a couple of hammers
Gold markets initially fell during the trading session on Tuesday, reaching down towards the $1450 level, an area that has been crucial more than once.
Despite concerns about the state of the South African economy, the South African Rand caught a bid against the US Dollar.
This morning’s New Zealand trade data showed an increase in exports for October over September, but the trade deficit widened slightly more than expected
Economic data out of the Eurozone has been mixed with a bearish bias, mirrored by the US.
As the Hong Kong unrest continues and China labeled this weekend’s election result as manipulated by foreign actors, the positive impact on the Singapore Dollar appears to be fading.
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USDCHF Analysis: Bullish consolidation above 0.9960
GBPUSD: More bearish but 1.2822 strong support
For the second day in a row, the EUR/USD is struggling not to break below the 1.1000 psychological support to avoid further selling.
The strength of the US dollar, the return of risk appetite and the abandonment of safe havens put pressure on the price of gold, which fell to $1451 support before settling around $1457 at the time of writing.