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.
In the same course as last week, the price of the USD/JPY currency pair moved downwards, with losses to the 114.50 support level in the morning trading today, before settling around the 114.75 level at the time of writing the analysis.
The gold markets have been all over the place on Monday, as we continue to see a lot of geopolitical concern near the Ukraine/Russia border.
The West Texas Intermediate Crude Oil market initially gapped higher on Monday, but then turned around to show signs of hesitation.
The Euro initially tried to rally towards the 1.14 level during the trading session on Monday but has given back gains rather quickly.
The US dollar initially fell against the Norwegian krone on Monday, reaching down towards the 8.91 level before turning around and rally again.
Bitcoin has broken significantly lower during the trading session on Monday to crash through the $40,000 level.
Bitcoin declines for six successive days with no end in sight.
DOGE/USD has fallen to significant short term lows as the price of the speculative cryptocurrency moves quickly around 0.12750000 cents as of this writing.
ETH/USD has fallen sharply in early trading this morning, which has sustained Ethereum’s bearish short and mid-term trends.
The Monero market initially tried to rally on Monday but gave back gains to slam into the $150 level.
The NEO/USD market fell significantly on Monday as it looks like we are going to fall and reach towards the $20 level.
The DAX Index initially tried to rally at the open on Monday, but as we continue to see tensions flare up on the Ukrainian border, this has Europeans selling everything that they are touching hand over fist.
The S&P 500 fell rather significantly on Monday as we gapped lower, turned around to fill the gap and even gain significantly above there, and then sold off again.
The NASDAQ 100 gapped lower in electronic futures trading on Monday, turned around to show signs of recovery, and then fell apart after that.
The GBP/USD pair remained in a tight range in the Asian session as investors continued focusing on Ukraine’s crisis and positive economic numbers from the UK.
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