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
I believe that this is a market that will eventually have to figure itself out from a longer term perspective, but right now it just looks a bit heavy.
Ignoring gravity, the S&P500 showed a lot of upward pressure on Monday.
Silver fell hard early in the session on Monday as it looks like we continue to threaten the $22 level.
Natural gas had a rather sharp fall at the beginning of Monday, as we sort of shifted focus to spring and away from our recent cold snap in America.
Crude oil markets dipped slightly during Monday’s trading session, then it re-addressed to the upside once again.
Price has room to rise to $1.2786.
The EUR/USD pair remained in a tight range on Tuesday as traders waited for the upcoming ECB decision.
Bitcoin continued its strong sell-off in the overnight session as concerns about the industry continued.
The AUD/USD pair’s attempts to bounce back faded on Monday.
Bonuses & Promotions
The move lower in the USD/MXN since Wednesday is a healthy sign for bearish USD/MXN traders, but they should not get overly ambitious.
The EUR/USD exchange rate made two failed attempts to break below the minor psychological level at 1.0850.
Looking at the daily chart of gold price XAU/USD, it is clear that the head-and-shoulders pattern is forming, which technically supported the recent selling of gold.
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GBP/USD forecasts show that it is in a steadfast position and the bull’s control over the trend will strengthen if the currency pair moves above the resistance 1.2775.
In the USD/JPY pair, the initial rally on Friday was followed by a relatively rapid reversal.