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 is recovering firmly from the post-FOMC drop over the short term.
The energy crisis, Brexit skirmishes, weak British economic performance and corona variants all pushed the GBP/USD down to the 1.3640 support level, where it has settled as of this writing.
XRP/USD has correlated with its major cryptocurrency counterparts and experienced a sustained bearish trend, while hitting new mid-term lows yesterday.
The USD/BRL came off important highs yesterday and reversed to support levels which have proven adequate the past handful of days.
A slight reversal higher in early USD/JPY trading this morning has been demonstrated, but short-term speculators should still consider the larger trend.
The USD/INR has continued to traverse within the higher realms of its short-term range as risk-averse trading seems to have created more durable support.
Gold has been trying to recover from recent selloffs, which pushed it towards the $1741 support level, its lowest in about a month-and-a-half.
Amid bearish pressure and sell-offs, the USD/JPY pair will see the US Federal Reserve's policy decisions today.
As previously forecasted, the EUR/USD has been in a narrow range ahead of the Federal Reserve FOMC meeting minutes release today.
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Bitcoin has lost almost 20% in just a few days.
The GBP is becoming relatively weaker.
The US dollar fluctuated on Tuesday as we continue to bang up against the 1.28 handle.
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The euro initially rallied on Tuesday but has turned quite bearish by the end of the day to form a bit of a shooting star.
The British pound initially rallied on Tuesday but gave back gains near the 1.37 level to form a bit of an inverted hammer.