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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For four trading sessions in a row, the GBP/USD has been moving in a narrow range between the 1.3668 support level and the 1.3776 resistance level.
The USD/JPY pair abandoned the 110.00 psychological resistance despite the positive US inflation numbers, retreating to the 109.00 support level as of this writing.
Risk appetite and a lull in the dollar's gains, despite the better-than-expected results of US inflation figures, contributed to more gains for the EUR/USD.
The USD/BRL has moved higher the past few days after challenging short-term lows on the 8th of April and is near important resistance.
The past five days of trading within the USD/ZAR have produced choppy results as key support levels remain firm.
The USD/INR continues to devastate resistance levels which technically stand in the way and is now challenging values seen in mid-July 2020.
The USD/SGD remains within the higher value range of its three-month technical chart, but it is certainly touching important support.
The S&P 500, and Wall Street in general, are seemingly willing to overlook almost anything right now, as we continue to see buyers come in on the dips.
The DAX has done very little during the trading session on Tuesday as we continue to hover around the 15,250 level.
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The FTSE 100 pulled back a bit during the trading session on Tuesday to reach down towards the top of the ascending triangle that I have marked on the chart.
The West Texas Intermediate Crude Oil market has done very little during the trading session on Tuesday yet again, as we continue to bounce around in the same action that we have seen for some time.
The market looks as if it is ready to take out the 14,000 level, which is just yet another target that short-term traders have been aiming for.
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Sign up to get the latest market updates and free signals directly to your inbox.At this point, the market looks as if it is trying to decide whether or not the $1750 level is a potential barrier, or if it will be broken through.
The Australian dollar initially fell during the trading session on Tuesday but found enough support just below the 0.76 level to turn things around and show signs of life again.
Bitcoin markets have broken above the $60,000 level finally and are meant to close well above there.