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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At the beginning of this week, the price of gold rose to around $2740 per ounce, setting new record levels, driven by increased demand for safe-haven assets.
The Dollar and is Euro is trending downward against the US likely to incur further losses over the next five days.
The GBP/USD exchange rate’s sell-off accelerated on Tuesday morning as traders embraced a risk-off sentiment in the market.
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Bitcoin price moved sideways after retesting the important resistance point at $69,000 for the first time since July as most risky assets pulled back and government bond yields jumped.
The Australian dollar’s sell-off gained steam in the overnight session, falling to its lowest point since September 11.
The EUR/USD exchange rate’s sell-off accelerated on Tuesday morning as the US dollar index continued its strong rally.
In my daily analysis of exotic currency pairs, the USD/SEK pair looks interesting as we have rallied rather significantly, after initially dipping in the early hours of Monday.
In my daily analysis of the USD/JPY pair, the pair has exploded to the upside during the Monday session, as we have broken above the ¥150 level, an area that of course is very important.
In my daily analysis of the EUR/GBP pair, I can see that there is a clear significant support level near the 0.83 level underneath.
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The US dollar has rallied against the Swiss franc yet again during the trading session on Monday as it looks like we are trying to break above the 0.8650 level for a bigger move.
In my daily analysis of exotic currency pairs, the USD/ZAR pair captures my attention as we continue to test the crucial 17.70 ZAR level.
The New Zealand dollar initially did try to rally during the trading session on Monday but gave back gains near the 0.61 level.
Gold initially rallied during the trading session on Monday, but then gave back the gains to show signs of hesitation.
The British Pound initially rallied just a bit during the early hours on Monday, only to give up the gains and fall apart.
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The Dow Jones 30 fell pretty hard during the trading session on Monday, which is interesting considering that there really hasn't been a lot as far as macroeconomic figures coming out to get things moving