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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At the end of last week’s trading, the price of the USD/JPY currency pair moved amid bearish momentum, which subsequently moved towards the 113.46 support level
The bears succeeded in pushing the price of the GBP/USD currency pair to breach the most important 1.3500 support.
The EUR/USD exchange rate recovered in early January last week when global market volatility and heavy selling in US bonds wrecked the yield advantage that could keep the US dollar and Euro weak.
ADA/USD has broken through critical support levels and is testing values not demonstrated since February of 2021.
DOGE/USD speculators are being confronted by long-term technical charts which show the cryptocurrency is confronting lower values not seen since April 2021.
The pair remains prone to sharp downwards price movement.
Dash fell rather hard over the last couple of sessions, and on Monday managed to plunge below the $100 level.
Bitcoin markets have plunged quite drastically to reach towards the $33,350 level on Monday in the latest round of panic trading.
Gold markets went back and forth on Monday as we continue to see a lot of volatility in general.
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The S&P 500 sliced through the 200 day EMA on Monday, kicking off a fresh new wave of selling pressure.
The NASDAQ 100 fell significantly yet again on Monday but saw enough buying pressure late in the day to turn things around and form a massive hammer.
The Ethereum markets fell yet again on Monday, crashing through the $2500 level.
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The US dollar rallied against the Mexican peso on Monday as we continue to see more risk aversion in the markets, so the US dollar may get a bit of a bid.
The West Texas Intermediate Crude Oil market initially tried to rally on Monday but found the area above the $85 level to be a bit too much.