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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On Tuesday, the S&P 500 started off with an attempt to rally, but eventually showed signs of exhaustion, indicating that the market could be reaching its peak.
The EUR/USD recovery continued its recovery as the US dollar weakness continued.
Bitcoin’s price action has been relatively muted in the past few days as traders wait for the next catalyst and as liquidity remains sharply low.
The US dollar made a modest rally during Tuesday's trading session, reaching towards the 50-Day EMA.
The AUD/USD pair pulled back after the Reserve Bank of Australia (RBA) decided to pause its interest rate hikes.
The price of the TRY/USD declined during early trading this morning, as the lira settled at an all-time low against the dollar at 19.23 lira per dollar.
The gold market was in a tailspin as the new trading week got underway, feeling the magnitude of the recovery in the US dollar and Treasury yields.
The sudden production cut by OPEC sent oil prices higher, which is beneficial to the US dollar.
GBP/USD rose strongly in March but could rise further to retest this year's highs near the 1.25 resistance this week as a fresh rise in oil prices keeps spot rates risking higher in the BoE (BoE) and more for the Fed.
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At the beginning of this week's trading, the price of the euro currency pair against the dollar, EUR/USD, compensated for last Friday's losses.
The NZD/USD has found additional buying momentum as today has begun, which has highlighted the rather optimistic upwards trend the currency pair has been able to achieve since the 8th of March.
The USD/INR has demonstrated a rather polite price realm in the past week and a half.
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Sign up to get the latest market updates and free signals directly to your inbox.On Monday's trading session, the USD/JPY initially rallied but struggled at the 200-day EMA, with a shooting star candlestick on Friday suggesting significant resistance in this area.
Natural gas markets have gapped lower to start the trading week, with prices reaching down to the $2.00 level.
The recent announcement by OPEC+ to cut oil production by 1 million barrels per day has had a significant impact on the West Texas Intermediate Crude Oil and Brent markets.