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 US dollar pulled back a bit initially during the trading session on Monday but found enough support near the ¥109.50 level to turn around and rally again.
The S&P 500 gapped lower during the trading session to kick off the week on Monday, and then went limit down at one point.
The Australian dollar has gone back and forth during the trading session on Monday to kick off the week, as we continue to hover around the 0.58 level.
The Euro has been all over the place during the Monday session, as the Federal Reserve has suggested that it was going to expand quantitative easing yet again.
The British pound initially tried to rally during the trading session on Monday but then fell apart as the market reached towards the 1.15 handle.
The NASDAQ 100 has been all over the place during the trading session on Monday, oscillating between gains and losses with the 7000 level being the fulcrum for price.
AUD/USD: Price at very pivotal point
USD/JPY: Yen getting weaker over time
BTC/USD: Pivotal point at $6,418
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Core inflation in Singapore turned negative for the first time since 2010, and the Money Authority of Singapore (MAS) announced it is closely following the impact of Covid-19
With the global liquidity rush pressuring the US Dollar higher across the board, it created a distorted image in the Forex market.
GBP/USD: New 35-year low price last week
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Silver markets initially gapped to kick off the trading session to the upside on Monday, but then turned around to fill that gap.
The Bitcoin market has been a little bit buoyant during the trading session on Monday, showing just how confused a lot of market participants are.