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.
The Nasdaq 100 has shown itself to be rather resilient recently, and Tuesday hasn’t been any different after the initial selling pressures.
The silver market has fallen again on Tuesday, as the markets continue to try and deal with the trauma that occurred just a few weeks ago.
The S&P 500 fell on Tuesday, as we continue to see a lot of noisy sideways action, and ultimately, we are in a bit of a holding pattern. It is worth noting that the floor continued to hold on Tuesday.
The FTSE 100 rallied again on Tuesday, as the markets are digesting, the employment numbers being worse than expected. As this could have the Bank of England could be forced to cut, stock traders are happy.
The Australian dollar drifted a bit lower on Tuesday, as traders are trying to find buyers at lower levels. Ultimately, this is a currency that will outperform many of the other G-10 currencies against the USD.
Silver continues to be very noisy as Monday is a holiday in the USA. The markets continue to see a lot of questions asked of it.
The gold market has been attracted to the $5,000 level for some time, and as we had a holiday on Monday, nothing seems to have changed.
The USD/JPY pair continues to see a bit of support below, as we are trying to sort out whether or not the 152-yen level will continue to hold the market up.
The USD/ZAR is near the 15.91830 ratio as of this writing on a day that will most likely remain rather quiet for the currency pair.
The EUR/CHF pair is holding key 0.91 support, with potential Swiss National Bank intervention looming if the franc strengthens further against the euro.
As of this writing the USD/MYR is around the 3.9055 ratio as it swims within depths that continue to test technical perceptions and long-term charts.
The NZD/USD is around the 0.60570 mark as of this writing with its usual fast fluctuations and wide spread offering a casino like experience for speculators considering pursuit.
The USD/BRL has been traversing lower depths for a few days as the currency pair has correlated to the broad Forex market, yesterday’s close near the 5.1985 ratio will cause speculators to watch its opening today with anticipation.
The silver market continues to be very noisy, as we are looking to figure out whether or not the markets can turn things around.
The Aussie dollar has pulled back just a touch during the early hours of trading on Tuesday as the same ceiling continues to frustrate the bulls in this pair.
