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 Aussie dollar tried to rally during the trading session on Tuesday but found enough resistance near the 0.6750 level
The S&P 500 has initially tried to rally during the trading session at the 2940 level, reaching towards the 50 day EMA.
The NASDAQ 100 has initially tried to rally during the trading session on Tuesday, breaking above the 7750 level and perhaps even more importantly the 50 day EMA.
Gold markets have rallied during the trading session on Tuesday, bouncing from the 50 day EMA.
The natural gas markets have gone back and forth during the trading session on Tuesday, as we continue to see a lot of support just above the $2.25 level.
The US dollar has continued to go back and forth during the trading session on Tuesday, showing signs of indecision which makes quite a bit of sense
West Texas Crude Oil markets have fallen a bit during the trading session on Tuesday, breaking below the $52.50 level.
During last month's trading, the most influential factor in the performance of the US dollar index DXY, which measures the performance of the US dollar against a basket of six rival currencies is the US interest rate.
For the third day in a row, EUR / USD failed to break above the 1.1000 resistance level, confirming the strength of the downtrend, and is stable around 1.0965 in early Tuesday trading.
Bonuses & Promotions
Since the beginning of this week, the GBP / USD has continued to decline, ignoring the disappointing results of US jobs announced last Friday.
Beginning this week, the GBP/USD pair continued its bearish correction to the 1.2286 support, and the highest price during yesterday's session was the 1.2336 resistance.
USD / JPY rebounded from the 106.65 support level to the 107.46 resistance level in the first trading session of this week.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The risk appetite and the abandonment of safe havens pushed the price of gold down to the $1488 support an ounce, after opening the week's trading around the $1508 resistance.
Global crude oil prices rise ahead of US-China trade talks scheduled to begin later this week, contributed to the pressure on the USD / CAD pair to pull back to the 1.3290 support
XRP/USD: Can rally extend into its resistance zone?