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
Gold markets fell during trading on Tuesday, testing the $1270 level yet again.
For the sixth day in a row, gold prices moved downward to the support level of $1274 an ounce, with stronger gains for the US dollar, which is second only to the Japanese yen in gaining safe haven gains as the US-China trade war recently intensified.
The bearish momentum continues to dominate the performance of the EUR/USD as the single European currency continues to lose confidence amid the slowing of the Eurozone economy led by Germany as global trade wars continue.
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The dollar and Japanese yen have been the most prominent as safe havens recently amid global trade tensions.
During the transactions of Tuesday, May 21, 2019, the markets will focus on the announcements from the economic agenda
NZDUSD analysis: approaching psychological level at 0.6500
AUDUSD analysis: AUD gives up post-election bounce
Bonuses & Promotions
USDCAD remains trapped in its long-term price range
USDCHF supported above 1.0070 as risk appetite recovers
The Euro went back and forth during the trading session on Monday to kick off the week, as the 1.1150 level has offered a bit of support, as it is in the middle of the consolidation area that we are currently bouncing around in.
The US dollar continues to be very choppy against some emerging market currencies, and of course the South African Rand will be any different.