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 Gold markets initially gapped higher to kick off the trading session on Tuesday after the Americans named the Chinese “currency manipulators”, while the futures markets were closed.
On Tuesday, the EUR / USD pair continues bullish correction with gains to reaching 1.1250, the highest level in two weeks
Major currencies are trying to offset their recent losses against the strength of the US dollar.
For four straight trading sessions, the gold price recorded stronger gains, testing the $1,470 resistance level of in morning trades on Tuesday, despite recent gains in the US dollar.
The recent violent bearish correction pushed the USD / JPY pair to move towards the 105.51 support level in early trading on Tuesday, its lowest level in seven months
NZDUSD: Psychological level at 0.6500 continues to hold
AUDUSD: Price retreats from 10-year low at 0.6745
USDJPY: BoJ buying below 106.00?
Bitcoin: Very bullish
Bonuses & Promotions
The Euro ripped to the upside during the trading session on Monday as the rhetoric between the United States and China has heated up, showing signs of getting worse, not better.
The WTI Crude Oil market continues to consolidate around a large, round, psychologically significant figure, as we are near the $55 handle.
The S&P 500 broke down pretty significantly during the trading session on Monday, slicing through the 200 day EMA.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The US dollar got hammered during the trading session on Monday, as we had a major “risk off” move in both Forex markets and of course the equity markets.
The British pound is negative longer term, but over the last couple of sessions we have seen this market essentially consolidating around the 1.2150 level.
The NASDAQ 100 broke down rather significantly during the day on Monday, slicing through the vital 200 day EMA.