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 S&P 500 went back and forth during the trading session on Tuesday, reaching above the 3100 level initially before pulling back.
The NASDAQ 100 went back and forth during the trading session on Tuesday, showing signs of volatility yet again.
The bitcoin market has gone back and forth during the trading session on Tuesday, as we have shown a lot of volatility and therefore it’s likely that the market will continue to see a lot of choppiness more than anything else.
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The British pound broke down a bit during the trading session on Tuesday, showing signs of exhaustion and reaching towards the 1.28 level underneath.
The US dollar has tried to rally during the trading session on Tuesday, reaching towards the ¥109.50 level yet again. At this point, the market has formed a bit of a shooting star, but we are sitting on top of major support as well.
Gold markets initially fell during trading on Tuesday, reaching towards the vital $1450 level that I have been talking about. However, we did find enough support in that area to turn things around and form a nice-looking hammer.
The Euro initially tried to rally during the trading session on Tuesday, reaching towards the 50 day EMA.
The Australian dollar tried to rally initially during the trading session on Tuesday, but then turned around to show signs of selling again.
Earlier in the week, the EUR/USD pair struggled to avoid falling to the 1.1000 psychological support, so as not to sell further.
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With more than 100 pips rebounded, the GBP/USD pair rallied during Monday's trading session, starting from the 1.2773 support to the 1.2898 resistance before settling around 1.2860 at the time of writing
The yellow metal is still under downward pressure due to increased investors’ risk appetite and gains in global stock markets due to investors' optimism
For the second day in a row, USD/JPY is moving in a limited range between the 108.90 support and the 109.25 level awaiting any developments.