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 USD/MXN has seen a tight range displayed the past week as its price band has gyrated rather methodically as support and resistance levels have remained stable.
ADA/USD has turned lower after testing short-term highs in early trading yesterday, support levels are clearly within sight and traders should expect more volatility.
ETH/USD has turned in a volatile performance after hitting short-term highs a few days ago, and then being confronted by headwinds which serve as bearish reminders.
The euro initially tried to rally during the trading session on Tuesday but gave back the gains again as we approached the 1.19 handle.
The British pound initially rallied during the session on Tuesday but then turned around to fail as we have seen this market chop back and forth.
The question now is whether or not we can recover after this most recent selloff.
The S&P 500 pulled back ever so slightly during the trading session on Tuesday but then turned around to show signs of resilience.
The NASDAQ 100 fell quite a bit to kick off the trading session on Tuesday to reach down towards the uptrend line.
Selloff from $40k area slowing in momentum.
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The Indian rupee gained slightly against the US dollar as the Delta variant in India seems to be slowing down.
The FTSE 100 rallied significantly during the trading session on Tuesday, but now that we are above the 7000 level, it looks as if we are going to try to get towards the top of the same ascending triangle.
The CAC 40 rallied again during the trading session on Tuesday as the market is above the 6700 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The Bitcoin market initially tried to rally during the session on Tuesday but gave back the gains to show the $40,000 level as resistance yet again.
The gold market dropped a bit during the trading session on Tuesday, as sit at the 50-day EMA without any interesting movement in one direction or the other.
The AUD/USD pair tilted upwards after the latest Australian retail sales and Services PMI numbers.