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
The S&P 500 gave up gains after initially trying to rally during the Asian session, showing signs of hesitancy at the all-time highs.
Silver markets rallied a bit on Monday but also gave back quite a bit of the gains.
The West Texas Intermediate Crude Oil market was grinding sideways during the majority of trading on Monday, as traders seem relatively content to ride out the rest of the year, waiting for more liquidity to come into the marketplace.
The euro fell a bit on Monday, reaching down towards the lows of the Friday session.
The British pound gapped lower on Monday, but then turned around to reach the highs of the Friday session before breaking down.
The gold market initially tried to rally on Monday to reach towards the $1790 level.
The GBP/USD pair was little changed on Tuesday morning ahead of the latest UK employment and US producer price index (PPI) data.
The AUD/USD pair retreated on Tuesday morning as focus remained on the rising American inflation and the upcoming interest rate decision by the Federal Reserve.
The BTC/USD pair is under pressure as investors reflect on the upcoming Federal Reserve decision and the ongoing sell-off of cryptocurrencies.
Bonuses & Promotions
The USD/CAD has turned higher in early trading this morning as the Forex pair reacts to a clash between technical and sentiment perspectives.
XRP/USD has moved towards mid-term lows in early trading this morning, this after attempting a slight move higher briefly yesterday.
This week will be an impactful one for the year, so there will be reactions to its events and economic data.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The outlook for the US dollar was boosted last Friday when official figures confirmed US inflation had risen to a new multi-decade high last month, which is likely to keep the Federal Reserve (Fed) on course to accelerate its monetary policy normalization.
Gold futures posted modest gains at the end of the trading week amid the US annual inflation rate rising to its highest level in nearly 40 years.
The GBP/USD was more stable at the end of last week but remained weak after the Bank of England (BoE) decided to continue interest rate outlook.