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 euro had a very strong session on Tuesday to break above the 1.22 handle, and looks very likely to go looking towards the 1.23 level given enough time.
The British pound rallied again during the course of the trading session on Tuesday to test the 1.42 level.
The Bitcoin market has found a little bit of selling yet again, so it looks like it will continue to go to the downside.
The Australian dollar rallied again during the trading session on Tuesday to reach towards the 0.78 level.
Gold markets initially tried to rally during the trading session on Tuesday but gave back the gains rather quickly, as we may have gotten extended.
Yet, the pair is losing bullish momentum at 1.4200.
The EUR/USD pair is hovering near its highest level since March ahead of the upcoming European inflation data.
The AUD/USD pair is in a tight range as the market reacts to the ongoing sell-off in commodities and the relatively strong Wage Price Index.
During last week's trading, the bears tried to push the GBP/USD to breach the 1.4000 level, but the dollar retreated after disappointing US retail sales figures, and the pair closed around the 1.4100 resistance.
Bonuses & Promotions
Sell-offs in the USD/JPY pushed the pair towards the 109.07 support level at the beginning of trading this week before settling around 109.25 at the beginning of Tuesday's trading.
The positive US inflation numbers were offset by the announcement of a sharp decline in US retail sales.
The weakness of the US dollar and the decrease in Treasury bond yields helped push the price of gold towards the $1871 resistance at the beginning of Tuesday's trading.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/CAD continues to maintain its bearish attack on important support levels, which have proven vulnerable.
The past week of trading has seen a consolidated range emerge within the USD/BRL and may provide speculators a solid chance to wager.
ETH/USD has begun to exhibit signs of strain while hovering near important short-term support levels, as the broad cryptocurrency market has begun to exhibit nervousness.