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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During the early hours of Tuesday, silver pulled back a bit to show signs of weakness and dipped below the $31 level.
The day has been fairly noisy on Tuesday in the dollar against the Japanese yen as the 150 yen level continues to be a massive barrier.
Gold markets initially pulled back just a bit during the trading session on Tuesday, but then turned around to show signs of life as we continue to see a lot of volatility and concerns in financial markets around the world.
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The US dollar initially did rally during the trading session on Tuesday, but we are getting a bit stretched to say the least.
The Tuesday session has broken to the upside as the market had pierced the 8,300 Australian dollars level.
The Spanish IBEX 35 has captured my attention as we are continuing a big move from the previous session.
In the AUD/USD pair, the first thing I see is that we continue to look at the 0.67 level as crucial, as it has held up for support of action over the last several days.
In the NZD/USD pair, the first thing that captures my attention is the fact that the market is hanging around the 200 Day EMA.
The USD/MXN pair is one that has caught my attention, because we saw a big push higher right away in the early hours of Tuesday.
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the GBP/USD pair has shown itself to be resilient, after initially dipping, only to turn around and show signs of life again.
The EUR/USD continued its plunge, reaching its lowest level in two years as the focus shifted to the upcoming European inflation.
The GBP/USD exchange rate remained on edge ahead of the upcoming UK consumer inflation report.
The AUD/USD pair plunged to its lowest level in over a month as the US dollar index rally continued.
Bitcoin continued its strong rally, soaring to its highest level since July 29 as the sentiment among investors rose.
Price action in the USD/BRL on Friday and Monday flirted with values seen in August and September, as financial institutions again have shown more nervousness with the Brazilian Real.