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.
Most Recent
The British pound brought down a bit during the trading session on Monday to kick off the week, as we continue to see a lot of noise.
Natural gas markets gapped higher on Monday to break above the top of the overall consolidation area that they had been trading in
The NASDAQ 100 is currently rallying again, reaching towards the crucial $8250 level.
The Euro has broken down during the trading session on Monday yet again, the breakdown a bit as we grind back and forth in seemingly endless meandering
The S&P 500 rallied a bit during the day on Monday, to continue the move that we had seen on Friday
USDJPY: Bulls pushing to test 109.00 again
Bitcoin: Consolidation above $8,893 continues
While US equity markets are at all-time highs, the US Dollar is under selling pressure as forex traders react to the negative economic news at a time equity traders take it as a bullish sign.
Following the election of a new Speaker of the House of Commons in the UK, uncertainty about next month’s snap election as well as Brexit remained elevated; it took four ballots to get the new speaker elected.
Bonuses & Promotions
Risk-on mood has swept across global financial markets with US equity markets at all time highs despite a continuing string of economic disappointments and red flags which appear under the surface
Economic data out of Australia and China showed that the slowdown has accelerated as the Reserve Bank of Australia kept interest rates unchanged as expected
USDCAD: Level at 1.3120 looks pivotal again
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GBPUSD: Weakly bearish below 1.2924
EURUSD: Today’s pivotal point likely to be 1.1131