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 price of the Turkish lira declined against the dollar during yesterday's trading, and today's early trading, after the lira rebounded from the support levels located at 13.32.
The pivotal point today looks likely to be $1.1295.
The euro rallied a bit on Tuesday but also pulled back a bit as the market seems a little less confident about the upside than it did just 24 hours ago.
The British pound rallied rather significantly on Tuesday to continue the massive move to the upside.
The DAX Index rallied a bit on Tuesday but did pull back from the 50-day exponential moving average.
The NASDAQ 100 initially fell on Tuesday but has turned around to smash into the 200-day EMA.
The US dollar was subjected to selling operations recently to take profits after its sharp gains due to the expectations of raising US interest rates, which allowed the gold market to recover yesterday.
The US dollar may be set for a softer February month according to analysts, a view that could carry a return to its 2022 highs for the pound-dollar exchange rate.
The S&P 500 rallied a bit on Tuesday to test the overall 4500 range.
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Since the start of trading this week, the price of USD/JPY has been subjected to profit-taking after the storm of support for the dollar passed by the US Federal Reserve.
The EURUSD price regained the 1.12 resistance at the beginning of this week's trading, but a close group of technical resistance on the charts
Monero was relatively quiet on Tuesday as we continue to look at the $150 level as a little bit of resistance.
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Bitcoin rallied a bit but gave back some of the gains to show signs of hesitation.
Gold markets spiked initially on Tuesday but have given up early gains as both the 50-day and the 200-day EMA indicators seem to be too much for the market.