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 DAX index initially gapped lower to kick off the trading session on Friday, but as turned around to show signs of strength and managed to break above the 14,000 level.
Bitcoin markets initially pulled back during the trading session on Friday to test the support that we had established a couple of days ago.
The S&P 500 initially fell during the trading session on Monday, but after the stronger-than-anticipated jobs number, the market rallied enough to go looking towards the 50-day EMA and even broke above it.
DOGE/USD experienced a strong move higher late last night and early today as it likely benefited from a positive wave of sentiment being generated in the broad cryptocurrencies
The NASDAQ 100 fell a bit during the trading session to reach down towards the $12,250 level, only to turn around and form a hammer as the market had an extraordinarily big turnaround.
The USD/SGD’s long term bearish momentum appears to be is serious jeopardy today as buying momentum has arisen and resistance levels have been decimated.
Since the start of March ETH/USD has fought off short term bearish momentum and produced incremental climbs in value.
The USD/MXN has likely crushed short term speculators who have been trying to sell the forex pair.
Key resistance level at $51,837 looks likely to be today’s pivotal point.
Bonuses & Promotions
The EUR/USD price declined in early trading as investors reacted to the latest $1.9 trillion stimulus package passed during the weekend.
The AUD/USD rose in early trading as investors digested the superb Chinese trade numbers and the new US stimulus.
The U.S. dollar is likely to be the key driver today.
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