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
Tensions between the US and Iran appear to be easing for now, and traders will be able to pay closer attention to fundamentals.
EURUSD: Weakly bearish below @1.1128
The Euro has broken down significantly during the trading session on Tuesday, as the 1.12 level continues offer a significant amount of resistance.
Natural gas markets gapped higher to kick off the trading session on Tuesday, but then fell rather hard to not only fill the gap at break down below it.
The NASDAQ 100 is very likely to continue turning back and forth during the week, as we get the jobs figure in the United States at the beginning of Friday
The British pound has been a bit noisy during the trading session on Tuesday, as we continue to dance around the 1.31 level.
AUDUSD: Bearish below 0.6882
USDJPY: Bearish on risk-off sentiment
In the beginning of this week’s trading, the USD/JPY pair plunged to the 107.76 support.
Bonuses & Promotions
The S&P 500 did almost nothing during the trading session on Tuesday, as we are heading towards a Non-Farm Payroll Friday.
For three consecutive trading sessions, the GBP/USD pair is trying to correct higher, but its gains did not exceed the 1.3211 resistance, before settling back down around the 1.3100 support at the time of writing.
The West Texas Intermediate Crude Oil markets gapped lower to kick off the trading session on Tuesday but found enough support near the $62.50 level to turn around and show signs of life again.
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Bitcoin: Bullish breakout beyond $8k pivotal point
The US dollar has rallied a bit during the trading session on Tuesday, breaking above the 200 day EMA but hasn’t exactly exploded to the upside.