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 USD/JPY pair's attempts to rebound stopped at the 109.00 resistance level, as the US Federal Reserve began its meeting to determine its monetary policy and will announce tomorrow its latest decision on interest rates and the future of the Bank's policy.
NZDUSD: Bottoming out at 0.6615?
AUDUSD: Bearish momentum breaks down 0.6905
USDJPY: Bullish break but 108.76 holding
Bitcoin: Bearish trend with heavy resistance
The S&P 500 did very little during the trading session on Monday, but quite frankly we have a major interest rate decision coming out on Wednesday that will have a major influence on this market.
British pound traders shorted the GBP/USD pair massively to kick off the week, breaking through the vital 1.2350 level and even reaching below the 1.2250 level as well.
The Euro did very little during the trading session on Monday, as we continue to simply dance around just above the 1.11 handle.
The US dollar has initially fallen during the trading session on Monday but found enough support underneath the 50 day EMA to turn things around and show signs of life.
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The WTI market has done very little again during the trading session on Monday, as we continue to go back and forth
The Australian dollar gapped lower on Monday, turned around to rally during the day, but gave back those gains to form a very bearish looking candle stick.
The natural gas markets initially tried to rally on Monday and then broke down quite a bit.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin markets went back and forth during the trading session on Monday, testing the uptrend line that is clearly marked on the chart.
The NASDAQ 100 fell during the trading session on Monday, as we continue to see a lot of noise near the 8000 handle.
Gold markets have done very little over the last couple of days, and this makes quite a bit of sense considering that the Federal Reserve has a major meeting over the next couple of days that should continue the dovish attitude that we have seen recently.