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 continues to be very negative overall as risk appetite has gotten hit.
The Euro has initially tried to rally during the trading session on Monday but found enough resistance at the 1.10 level to turn things around and sell off yet again.
The US dollar gapped lower to kick off the week, as traders were concerned about the United States and China adding more tariffs upon each other, so it makes quite a bit of sense that we haven’t been able to break out of the range that we have been in for some time.
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The British pound has initially tried to rally during the trading session on Monday, but then rolled over quite drastically to show extreme weakness.
The S&P 500 gapped lower during the trading session on Monday, as we had thin electronic trading of the futures contract due to the fact that it was Labor Day in the United States.
Bitcoin markets rallied quite nicely during Labor Day on Monday, as we have found a significant amount of support at the $9250 level.
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The West Texas Intermediate Crude Oil market has fallen a bit during the trading session on Monday, but it was Labor Day in the United States so you need to keep that in mind.
The NASDAQ 100 traded in very thin electronic trading on Labor Day, gapping lower in reaction to the US and China slapping tariffs on each other.
Natural gas markets have rallied a bit during the trading session on Monday, but keep in mind that these trades were done in a very thin market.
Gold markets have been somewhat quiet during the trading session on Monday, which isn’t a huge surprise considering that it was Labor Day in the United States.
After price action in the AUDUSD was rejected by its 61.8 Fibonacci Retracement Fan Resistance Level, bearish pressures mounted and a sell-off followed.