The DAX Index rallied a bit during the trading session on Monday but continues to see a lot of trouble right around the 15,800 area.
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 FTSE 100 was a bit choppy during the trading session on Monday to test a significant area of confluence.
It appears that Bitcoin traders believe that the US Congress will not do anything to stymie the DeFi part of the crypto currency markets, which had been feared over the weekend.
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The S&P 500 drifted just a little bit to the downside to kick off the Monday session, but then turned around to show signs of strength again.
The NASDAQ 100 fell a bit during the trading session on Monday to crash into the 15,000 level.
Gold markets crashed to kick off the trading week as Asians reacted to the rising interest rates in America and the massive selloff that gold had seen on Friday.
The US dollar rallied again on Monday to reach towards the 14.75 rand level, an area that has been tested previously, as we formed a handful of shooting stars in that region.
The West Texas Intermediate Crude Oil market found itself on its back foot Monday as there was suddenly a lot of negativity.
The euro fell yet again during the trading session on Monday as we continue to see interest rates in the United States pick up.
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The British pound drifted just a little bit lower during the trading session on Monday as we continue to see the US dollar flex its muscles.
The GBP/USD pair retreated after the strong American vacancies data and as US bond yields rose.
The EUR/USD pair remained under pressure during the Asian session as investors refocus on the upcoming German sentiment and US inflation data.
The BTC/USD price soared to the highest level since May as sentiment in the industry improved.
The AUD/USD pair tilted lower as the number of COVID cases in Australia kept rising and as US Senate moved closer to passing the $1 trillion infrastructure bill.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 10, 2021.