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 US dollar has gotten hit rather hard against the Chinese Yuan, and just about any other currency you can think about their as the Federal Reserve has cut interest rates by 50 basis points in a surprise move at the very open of the month.
The GBP/USD pair has been drifting a bit lower over the last couple of months, but recently things have changed.
Australia reported a more significant trade surplus for January than forecast, but marginally lower than the one announced in December.
EUR/USD: Strong resistance at 1.1204
The Euro has rallied a bit against the British pound as of late, but quite frankly it does look as if it is going to run into some trouble in the area currently focused on.
Needless to say, the financial markets are going to be difficult to predict the moves of over the next 30 days, as we have seen mass chaos introduced into the marketplace.
The Australian dollar has started off March and ended February with a bit of a bang.
The surprising decision of the Federal Reserve to cut the US interest rate by half a point, backfired on the dollar and US stock indices.
At about 60 dollars in one go, the price of an ounce of gold rose during the trading session on Tuesday to the $1650 level after the yellow metal started to correct by selling towards the 1590 support at the beginning of the session.
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Although the US dollar was affected negatively against most other major currencies after the surprising decision of the US Federal Reserve to cut US interest rates by half a point.
The EUR/USD pair jumped to the 1.1213 resistance, highest level in two months, before settling again around the 1.1160 support in response to the sudden move by the US Federal Reserve.
AUD/USD: More likely that the price put in a medium-term bottom
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro rallied again during the trading session on Tuesday as the Federal Reserve cut interest rates by 50 basis points in a surprise move.
The Australian dollar has broken down significantly after rallying due to a surprise 50 basis point interest rate cut by the Federal Reserve as it proves who it works for yet again.
The S&P 500 rallied initially during the trading session on Tuesday, breaking above the 3100 level before pulling back down.