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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At this point, the market is likely to see a bit of relief if we do get a certain amount of stalemate in the US government, which of course would be the case if the Republicans can continue to hang on to the Senate.
The South African rand lost quite a bit of strength during the trading session on Tuesday to reach towards the 15.00 level.
The euro rallied again during the trading session on Tuesday, as the 1.23 level continues to cause a significant amount of pressure.
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The British pound rallied a bit during the trading session on Tuesday to break above the 1.36 handle.
The NASDAQ 100 bounced a bit during the trading session on Tuesday as the uptrend line held.
The price of gold had a good start to 2021 after posting its best annual gain in a decade.
Despite the USD's weakness and global coronavirus concerns, the GBP/USD pair is trying to resume its rise, stabilizing around the 1.3646 level.
The US dollar is still suffering from low risk appetite, as investors await the release of US unemployment numbers and the minutes from the recent meeting of the Federal Reserve.
For five trading sessions in a row, the EUR/USD pair tried to stabilize above the 1.2300 resistance.
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Bitcoin bounces back.
Price makes new long-term highs during Asian session.
The DAX Index fluctuated in rather choppy trading on Tuesday, which looks a lot like what we had seen during the day on Monday.
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The Bitcoin market initially fell during the trading session on Tuesday but found the $30,000 level to be supportive, then shot up over the $35K level.
Gold markets initially pulled back during the trading session on Tuesday, but then turned around to show signs of strength again.
The Australian dollar rallied significantly during the trading session on Tuesday to break above the 0.7750 level, an area that I had listed as a minor resistance barrier.