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
The Euro has rallied significantly during the day on Monday, reaching towards 1.1250 level before pulling back a bit.
The S&P 500 has crashed towards the 2400 level, an area that has been supported previously.
USD/JPY: Both currencies relatively strong
The British pound initially tried to rally during the trading session on Monday, reaching as high as 1.24 before rolling over and showing signs of exhaustion.
The NASDAQ 100 has gotten crushed again during the trading session on Monday, as the market sliced through the 7000 level to close just above it.
The Australian dollar initially gapped lower but then shot straight through the air as people traded the surprise announcement that the Federal Reserve was cutting interest rates
Silver markets got absolutely hammered during the trading session on Monday, losing 15% at one point.
Looking at the price action on Monday, I believe that Bitcoin is still going to see a lot of violent swings back and forth,
The Federal Reserve is cutting interest rates to zero
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The FTSE 100 broke down rather significantly during the trading session on Monday to open up the week, as one would expect.
The gold market had rallied initially during the open on Monday, as the Federal Reserve surprised the world by cutting interest rates by 100 basis points.
BTC/USD: New higher support at $4,912
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EUR/USD: Bearish consolidation
nstitutional selling across the cryptocurrency sector is anticipated to continue as portfolio managers are forced to raise capital to meet margin calls.