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.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
After consistently battling support levels in the last four weeks, the USD/BRL has displayed bullish sentiment the past two trading sessions as risk-averse trading has taken hold.
The USD/SEK experienced a sudden surge higher yesterday and resistance levels were brushed aside.
Technical traders who embrace pure charts can potentially learn to love the USD/PKR if they have enough speculative spirit and risk management experience.
AUD/USD: 0.7250 area remains pivotal
The Australian dollar initially tried to rally during the trading session on Monday but gave back the gains as we have reached towards the 0.72 level.
The NASDAQ 100 initially collapsed during the trading session on Monday, and then had a rough day after that.
USD/JPY: Long-term double bottom in place?
BTC/USD: $10k area may still be supportive
The US dollar has gone back and forth during the trading session on Thursday, initially trying to rally towards the ¥105 level, but then fell hard to reach towards the ¥104 level before bouncing yet again.
The West Texas Intermediate Crude Oil market has broken significantly during the session on Monday, slicing through the $40 level.
The S&P 500 has fallen rather significantly during the trading session on Monday, reaching down as low as 3220, an area that I remember from a couple of months ago as being crucial.
GBP/USD: Pivotal points at 1.2773
EUR/USD: Key support at 1.1745 seems to be breaking down
Silver markets broke significantly to the downside during the day on Monday, slicing through the $26 level.
The British pound initially tried to rally during the trading session on Monday but gave back the gains at the 50 day EMA.