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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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.
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.
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?
The NASDAQ 100 tried to rally during the trading session on Monday, indeed keep some of the gains after gapping lower.
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The WTI Crude Oil market initially shot higher during the trading session on Monday, breaking above the top of the shooting star shaped candle stick from the Friday session
Natural gas markets gapped slightly lower to kick off the trading session on Monday, and then fell towards the $2.30 level.
Gold markets fell hard during the trading session on Monday to kick off the week, crashing through the $1500 level.
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The Euro initially was all over the place during the trading session on Monday but was essentially chopping around and floundering more than anything else.
The British pound has gone back and forth during the trading session on Monday after initially gapping lower, as the market simply doesn’t know what to do right now.