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 NZD/USD has been in a sustained bullish trend since the end of September, but the past week-and-a-half has seen a reversal lower.
The USD/SGD continues to trade within the upper realms of its value range and conditions have proven to be choppy for speculators.
The American holiday of Martin Luther King, Jr. Day on Monday weakened liquidity, and thus overall performance, in the Forex market.
Investors have regained an appetite for safe havens amid prolonged European lockdowns, especially in Britain.
The USD/JPY began the week on a bearish note as it plunged to the 103.63 support level, remaining near it at the beginning of today's trading.
The EUR/USD pair had a bearish start to the week, retreating to the 1.2053 support level and stabilizing around 1.2080 as of this writing, ahead of the important German ZEW Index readings.
The euro initially fell during the trading session on Monday, but has recovered quite nicely as there does not seem to be a huge push to break it down in the short term.
The S&P 500 futures markets gapped to kick off the week to the downside, but then turned around to show signs of life again.
The NASDAQ 100 did very little during the trading session on Monday, as it was Martin Luther King, Jr. Day in the United States.
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The Bitcoin market fluctuated during the course of the trading session on Monday, as we have no idea what to do with ourselves.
The British pound fell initially during the trading session to reach down towards the 1.35 handle.
Bulls and bears remain evenly matched.
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The US dollar rallied initially during the trading session on Monday, but gave back some of the gains to form a shooting star-shaped candlestick.
Gold markets pulled back a bit during relatively thin trading on Monday due to the Martin Luther King, Jr. holiday.